Garuda Indonesia will hold off any thoughts of adding maindeck capacity for at least five years, the airline’s president and CEO, Arif Wibowo told Payload Asia on the sidelines of the Association of Asia Pacific Airlines (AAPA) 2015 Assembly of Presidents in Bali recently. Wibow said that the combination of lacklustre international cargo markets, a still developing Indonesian industrial base and ample belly capacity in Garuda’s domestic market meant there was no immediate need to take on … [Read more...] about Freighters for Garuda possible, but not for at least 5 years
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Garuda back in the black with US$29.3m net profit
PT Garuda Indonesia (Persero) Tbk. has booked a US$29.3 million net profit in the first half of 2015, representing a 114.5 per cent jump over the same period last year, which was a negative US$201.3 million. Garuda said the performance growth - amidst the economic down turn - has been achieved through various initiatives by the carrier as part of its ‘Quick Wins' programme, as well as a continuous efficiency strategy. Garuda Indonesia also succeeded in increasing its operating revenue to … [Read more...] about Garuda back in the black with US$29.3m net profit
