Garuda Indonesia falls into the red with USD38m operating loss in 1H2016

Garuda Indonesia revenue down 4% - financial highlights for six months ended 30-Jun-2016:

• Total operating revenue: USD1764 million, -4.1% year-on-year;
• • Scheduled passengers: USD1450 million, -3.6%;
  • Scheduled cargo: USD102.9 million, +7.4%;
  • Excess baggage: USD5.6 million, +22.2%;
• Total operating costs: USD1813 million, +1.0%;
• • Aircraft rental and charter: USD488.1 million, +15.2%;
  • Fuel: USD418.5 million, -21.5%;
• Operating profit (loss): (USD37.8 million), compared to a profit of USD77.5 million in p-c-p;
• Net profit (loss): (USD63.2 million), compared to a profit of USD29.3 million in p-c-p;
• Passenger numbers: 16.6 million, +4.4%;
• Passenger load factor: 70.8%, -5.0 ppts;
• Passenger yield: USD 6.8 cents, -5.0%;
• Cost per ASK: USD 5.7 cents, -12.5%;
• Cost per ASK excl fuel: USD 4.3 cents, -5.1%;
• Cargo volume: 198,354 tons, +12.6%;
• Total assets: USD3635 million;
• Cash and cash equivalents: USD537.7 million;
• Total liabilities: USD2718 million. [more - original PR] [more - original PR - Indonesian]