Garuda Indonesia has returned to the red, posting US$63.2 million in losses in the January-June period of the year, compared with $29.3 million in profits it enjoyed in the corresponding period last year. The company’s revenue, meanwhile, fell by 4.1 per cent to $1.76 billion from $1.84 billion last year. Garuda Indonesia president director Arif Wibowo said various factors had contributed to the decline, including the deployment of new aircraft and global economic growth coming in below … [Read more...] about Garuda slips into loss in 1H, but cargo up 8%
Garuda Indonesia
Garuda to go door-to-door to boost cargo contribution to 20%
Garuda Indonesia is expecting the contribution from air cargo revenue to rise to more than 20 per cent from the current levels where it contributes less than 10 per cent of the revenue, according to president director of Garuda Indonesia, Arif Wibowo. Wibowo, speaking to local media, said part of the effort to enhance cargo demand is by adding door-to-door service for customers, compared to the traditional airport-to-airport model. In 2015 Garuda uplifted 351,741 tonnes of cargo. "But … [Read more...] about Garuda to go door-to-door to boost cargo contribution to 20%
Garuda Indonesia signs for 14 A330-900neo aircraft
Garuda Indonesia has placed an order with Airbus for 14 new A330neo aircraft.The deal was signed at a ceremony in London in the presence of Indonesia’s President, Joko Widodo, and the UK’s Prime Minister, David Cameron. Garuda currently operates nine A330-200s and 15 A330-300s, and the latest order will see it take delivery of 14 A330-900neo aircraft – the larger version of the A330neo series. The new aircraft will be delivered from 2019 onwards. “We are pleased to announce that we … [Read more...] about Garuda Indonesia signs for 14 A330-900neo aircraft
Freighters for Garuda possible, but not for at least 5 years
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
Garuda takes delivery of new B777-300ER in SkyTeam livery
Boeing today delivered a B777-300ER to Garuda Indonesia in a special SkyTeam livery. "We continue to grow our network with the SkyTeam alliance and the 777-300ER's efficiency and economics allow us to stay competitive and with an interior that our passengers love. We're proud to see our latest 777-300ER in the SkyTeam livery," said Arif Wibowo, president and CEO, Garuda Indonesia. Garuda Indonesia became the 20th member to join the SkyTeam Alliance in August 2014, providing access to an … [Read more...] about Garuda takes delivery of new B777-300ER in SkyTeam livery
Record low oil prices fuel hedging strategies
Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies
