GARUDA Indonesia registered 27.2 trillion rupiah (US$3.02 billion) in revenue last year, a 39.1 per cent increase over the 19.5 trillion rupiah earned in 2010.
The flag carrier recorded an operational profit of 1.01 trillion rupiah for 2011, compared to a loss of 67.2 billion rupiah the year before. Net income over the same period was 859 billion rupiah, more than double the figure in 2010.
Garuda vice president corporate communications Pujobroto said: “The increase in revenue and comprehensive profit was the result of the company’s operational expansion through Quantum Leap and efficiency programmes, and optimising resource and aircraft utility.”
The airline expects to boost overall sales by at least 20 per cent this year, according to CFO, Elisa Lumbantoruan.
Garuda carried 13.9 million domestic and 3.2 million international passengers in 2011, a 36.2 per cent jump over the year before.
Flight frequencies in 2011 were up 26.6 per cent to 130,043, including 108,381 domestic and 21,662 international flights. The average load factor increased from 71.7 per cent in 2010, to 75.2 per cent last year.
