Operational expansion and improved service quality is paying off for Garuda, with the carrier recording a 14.4 percent rise in consolidating operating revenue for the first nine months of 2012 compared to the same period last year. The airline’s revenue jumped to US$2.39 billion from January to September this year, up from US$2.08 billion earned over the same period last year, while the airline’s income from operations more than doubled from US$92.75 million to US$38.60 million. Comprehensive income also increased by 108.2 percent from US$29.2 million during the third quarter last year to US$60.8 million this year as passengers carrier climbed 20.2 percent from 12.3 million to 14.9 million. Citing growth to the carrier’s Quantum Leap 2011 – 2015 strategy, Garuda said the plan was designed to transform the carrier into a “highly competitive airline of the future”, by ongoing fleet modernisation and expansion. This year the airline welcomed 20 new aircraft, including four Boeing 737-800NGs, nine Airbus A320s, two Airbus A330-200s and five Bombardier CRJ1000 NextGens.
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Garuda profits take a Quantum Leap
Source = e-Travel Blackboard: N.J