Garuda Indonesia reports operating profit in 2011

Garuda Indonesia revenue up 39% - financial highlights for 12 months ended 31-Dec-2011:

• Total operating revenue: IDR27,165 billion (USD2970 million), +39.1% year-on-year;
• Total operating costs: IDR26,153 billion (USD2860 million), +33.4%;
  • Fuel: IDR9967 billion (USD1090 billion), +57.6%;
• Operating profit: IDR1012 billion (USD110.6 million), compared to a loss of IDR67,159 million (USD7.3 million) in p-c-p;
• Net profit: IDR805.5 billion (USD88.1 million), +56.3%;
• Passenger numbers: 17.1 million, +36.2%;
  • Citilink: 1.6 million, +42%;
• Load factor: 75.2%, +3.5 ppts;
  • Citilink: 76%,
• Cargo volume: 229,378 tonnes, +10.8%;
• Aircraft: 87 aircraft;
• Passenger yield: USD 9.62 cents, +12.4%;
  • Domestic: USD 11.8 cents;
  • International: USD 8.2 cents;
• Revenue per ASK: +18%;
  • Business: +24%;
  • Economy: +17%;
• Cost per ASK: USD 7.83 cents, +12.7%;
• Cost per ASK excl fuel: USD 4.59 cents, +1.6%;
• Total assets: IDR18,010 billion (USD1969 million), +31.8%;
• Cash and cash equivalents: IDR3784 billion (USD413.7 million), +221.4%;
• Total liabilities: IDR10,463 billion (USD1144 million), +2.6%;
• 2012 forecast:
  • Fleet: 105 aircraft, +18 aircraft;
  • Average fleet age: 5.8 years, -0.7 years;
  • Passenger numbers: 22.0 million, +28.7%. [more - original PR]

*Based on the conversion rate at USD1 = IDR9145