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Garuda Indonesia Posts Earnings of US$2.39b in First Nine Months of 2012

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[HD videos below] Indonesias national airline, Garuda Indonesia, has reported consolidated operating revenue of US$ 2.39 billion for the first nine months of 2012, an increase of 14.4%, compared to the US$ 2.08 billion earned in the same period last year.

The airline booked an income from operations of US$ 92.75 million, which is a significant 140.4% rise compared to US$ 38.60 million last year. Comprehensive income also increased by 108.2%, from US$ 29.2 million in the same period in 2011 to US$ 60.8 million in the third quarter of 2012.

Improved performance in various areas of operations, such as increased passenger and cargo volumes contributed positively to the increase in revenue and income. Up till the third quarter of 2012, Garuda Indonesia transported as many as 14,892,743 passengers, or an increase of 20.2% compared to the 12,385,025 passengers carried in the same period last year.

 Meanwhile, throughout the third quarter of 2012, cargo volume also experienced an increase of 18.7%, making the amount of cargo transported 201.070 tons, compared to the amount of 169.334 tons carried in the same period in the previous year.

Availability seat kilometre/ASK also rose in tandem with the increase in flight frequency as a result of the arrival of new aircraft in Garuda Indonesias fleet. ASK increased by 11.7%, from the 24.05 billion to 26.87 billion. Flight frequency also increased by 17.2%, from 94.899 flights in the same period in 2011, to 111,251 flights.

Seat Load Factor/SLF rose 75.86% compared to the 75.16% in the same period last year, followed by improved passenger yield of USC 9,55 against last years USC 9,49. Aircraft utilisation increased to 10:47 hours from the 10:42 hours clocked in the same period last year. In the third quarter of this year, the airline reached an OTP of 84.46%.

In line with the airlines ongoing fleet modernisation and companys expansion, in 2012 Garuda Indonesia will welcome 20 new aircraft, comprising four Boeing 737-800NGs, two Airbus A330-200s, nine Airbus A320 dedicated to Citilink, and five Bombardier CRJ1000 NextGen aircraft.

To date, Garuda Indonesia has received one Airbus A330-200, four Boeing B-737-800NGs, six Airbus A320s, and one Bombardier CRJ1000 NextGen. Garuda Indonesia currently operates 95 aircraft, and by the end of 2012, the total number of aircraft in the airlines fleet will be 105 aircraft aged an average of 5.8 years.

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