Garuda aims to increase net profit to USD370m in 2014
Garuda Indonesia President and CEO, Emirsyah Satar, stated the carrier’s stronger performance during the global financial downturn than other carriers was due to its “very strong” domestic market (Gulf News, 10-Sep-2010). Over the next five years, Garuda plans to increase its net profit to USD370 million in 2014 by expanding its fleet and route network. The carrier plans to double its domestic departures to 2,072 per week and serve the “capital's entire provinces across Indonesia”. Internationally, the carrier plans to increase departures by more than 300% to 1,222 weekly flights by 2014. Garuda plans to increase frequencies on Jakarta-Singapore and Jakarta-Hong Kong services this year and plans to launch Jakarta-Taipei service.
Garuda Indonesia: “The airline is now going in an aggressive expansion mode. It took us a lot of hard work and major restructuring over the last few years but we're now finally back on track,” Emirsyah Satar, President and CEO. Source: Gulf News, 10-Sep-2010.