Garuda Indonesia reports USD11m operating profit in 1H2012

Garuda Indonesia revenue up 18% - financial highlights for six months ended 30-Jun-2012:

• Operating revenue: USD1512 million, +17.7% year-on-year;
• Operating profit: USD10.8 million, compared to a loss of USD34.8 million in p-c-p;
• Passenger numbers: 9.6 million, +22.4%;
  • Citilink: 1.2 million, +62.1%;
• Load factor: 74.8%, +1.3 ppt;
  • Citilink: 72.3%, -3.6 ppts;
• Passenger yield: USD 9.40 cents, +4.1%;
  • Citilink: USD 5.62 cents, +4.1%;
• Cargo volume: 132,062 tons, +20.8%;
• Cargo yield: USD 36.78 cents, +5.9%;
• Cost per ASK: USD 7.87 cents, +1.0%;
  • Citilink: USD 6.26 cents, -0.2%;
• Cost per ASK excl fuel: USD 4.56 cents, -0.4%;
  • Citilink: USD 2.92 cents, -1.4%;
• Aircraft utilisation: 10.4 hours, +0.8%;
• Ontime performance: 85.3%;
• Market share:
  • Domestic: 27.6%, +1.1 ppt;
  • International: 24%, +0.8 ppt;
• Total assets: USD2100 million, +1.2% when compared to period ended 31-Dec-2011;
• Total liabilities: USD1186 million, +2.9% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = IDR9135.43 for the period