February 11, 2014
Garuda Indonesia Ends 2013 with operating revenue of US$3.72bn
Garuda Indonesia’s operating income decreased by 66.4%, amounting to US$56.4m, compared to the amount of US$168.1m received in 2012. Income for the period also declined from US$110.8m in 2012 to US$11.2m in 2013. Garuda Indonesia President & CEO, Emirsyah Satar, said that Garuda Indonesia’s financial performance in 2013 was influenced by rupiah’s decline against the US dollar. Besides in 2013 Garuda also focused on funding new airplanes to support increasing operations-for either Garuda or Citilink. In 2013, Garuda Indonesia transported 25m passengers; an increase of 22.3%compared to the 20.4m passengers in 2012. Production capacity in 2013 also increased by 19.8%.