Garuda doubles net profit in 2012

Garuda doubles net profit in 2012

Emirsyah Satar. (ANTARA/Ismar Patrizki )

"It was as expected by financial analysts."
Jakarta (ANTARA News) - The nation`s flag carrier Garuda Indonesia doubled its net profit to US$145.4 million in 2012 from US$72.7 million in the previous year.

Garuda`s President Emirsyah Satar described as satisfactory the performance of the airline.

"It was as expected by financial analysts," Satar said here on Wednesday.

The operating income of the airline rose 12.1 percent to US$3.47 billion in 2012 , from US$3.09 million in 2011, he added.

Its operating profit shot up 82 percent to US$110.8 million in 2012 from US$64.2 million in the previous year.

The airline carried 20.4 million passengers in 2012 , up 19.6 percent form 17.1 million in 2011.

The airline also recorded an increase in cargo to 280,285 tons in 2012 or an increase of 22.2 percent from 229,378 tons in the previous year.

Its seat load factor (SLF) rose to 75.9 percent from 75.2 percent, and utilization of aircraft increased to 10:44 hours from 10:40 hours.

"On Time Performance" (OTP) in 2012 was 84.9 percent.
(Uu.H-ASG/H-YH)

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