Garuda Indonesia has booked a US$29.3m net profit in the first half of 2015, increasing 114.5% compared to the same period last year, which was a negative US$201.3m. The performance growth – amidst the economic down turn – has been achieved through various initiatives by the airline called the “Quick Wins” program, as well as a continuous efficiency strategy. Operating revenue increased to US$ 1.84bn, up 4.7% from US$1.76bn compared to the previous year, while operating expenses decreased by 11.6% from US$1.99bn to US$1.76bn.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada