Indonesia’s Garuda airline targets 6-7% passenger growth this year
Garuda Indonesia is targeting a 6-7% increase in passenger numbers this year, its new CE said Wednesday. Garuda plans to launch flights servicing its fourth Chinese city of Chengdu in June, Pahala Mansury said. The airline carried a total of 35m passengers last year. Garuda last month posted a Q1 net loss of US$98.5m, from a $1m net profit a year earlier, mainly because of higher fuel costs and increased competition. “The competition in the airline industry is tremendous,” Mansury said. “The future of growth for Garuda is to optimise domestic routes, where we have to compete in the low-cost segment, as well as international routes.” Garuda expects fuel costs to remain relatively flat around $292min Q2, with a one-off tax amnesty hit of $137m to its bottom line, Mansury said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-12/sky/indonesia2019s-garuda-airline-targets-6-7-passenger-growth-this-year
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Indonesia’s Garuda airline targets 6-7% passenger growth this year
Garuda Indonesia is targeting a 6-7% increase in passenger numbers this year, its new CE said Wednesday. Garuda plans to launch flights servicing its fourth Chinese city of Chengdu in June, Pahala Mansury said. The airline carried a total of 35m passengers last year. Garuda last month posted a Q1 net loss of US$98.5m, from a $1m net profit a year earlier, mainly because of higher fuel costs and increased competition. “The competition in the airline industry is tremendous,” Mansury said. “The future of growth for Garuda is to optimise domestic routes, where we have to compete in the low-cost segment, as well as international routes.” Garuda expects fuel costs to remain relatively flat around $292min Q2, with a one-off tax amnesty hit of $137m to its bottom line, Mansury said. <br/>
