Garuda Reports Profit for Q1 2011

Travel News Asia Latest Travel News Podcasts Videos Monday, 16 May 2011

[HD video below] In the first quarter of 2011, Garuda Indonesia has reported a profit of IDR 5,189 billion, a 49.7% rise against last years IDR 3,46 billion. Garuda also experienced significant improvements in other areas of operation.

Compared to the 2,502 passengers carried during the same period in 2009, passenger volume rose 42% in the first quarter of 2011 to 3,676 passengers.

Availability seat kilometer/ASK rose 40% reaching 7,35 billion from 5,24 billion seat kilometer in 2010.

Meanwhile, rising passenger yield reached 2.9%, from USC 8.4 in 2010 to USC 8.6.

Throughout the first quarter of 2011, Garudas flight frequency in the domestic sector increased by 23,7%, amounting to 23,353 flights, compared to 18,876 flights in the same period last year.

Garudas international flight frequency also experienced a 27,3% improvement in comparison with last years performance, from 3,720 flights in 2010 to 4,737 flights.

Passenger load factor increased by 6,9%, from 67,2% in the same period of 2010 to 71,7% in the first quarter of 2011, while the airlines OTP was 88.8% against 87.8 during the same period last year.

In line with Garuda Indonesias ongoing fleet development, in 2011 it expects the arrival of eleven new aircraft, consisting of two A330-200 and nine B737-800 New Generation types. Previously in 2010, Garuda had already welcomed 24 new aircraft, consisting of twenty-three Boeing 738-800 Next Generation and one Airbus A330-200.

One of Garudas New Boeing 737-800s @ Singapore Airshow in 2010

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