Garuda Indonesia reports 124% profit increase in 11 months to Nov-2011

Garuda Indonesia reports (23-Dec-2011) a 42% year-on-year revenue increase; 124% profit growth in 11 months to Nov-2011:

• Unconsolidated revenue: IDR22.29 trillion (USD2.5 billion), +41.9% year-on-year;
• Income: INR725 billion (USD80 million), +124%;
• Passengers: 15.45 million, +36.4%;
• Capacity (ASKs): 29.67 billion, +26%;
• Yield: USD9.6 cents, +13%;
• Flight frequency: 118,009, +25.5%;
• Load factors: 75.3%, +5.5 ppts;
• Aircraft utilisation: 10.42 hours, +13.0%;
• OTP: 85%, +5.6 ppts. [more - original PR]

* Based on a currency conversion rate of USD1 = IDR9065.00