JAKARTA: Indonesian national airline PT Garuda Indonesia (Persero) Tbk and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36 million, or the equivalent of IDR 124.5 billion (exchange rate IDR 13.300 per US$), while carrying a total of 35 million passengers on both Garuda Indonesia and Citilink Indonesia.
The positive achievement was detailed in the Group’s analyst meeting at Garuda Indonesia headquarters in Cengkareng, and was attended by Garuda Indonesia directors and all the directors of the subsidiaries. The subsidiaries in attendance were Citilink Indonesia, Garuda Maintenance Facility (GMF-AeroAsia), Aerowisata, Sabre, Asyst and Gapura.
“As we know, the trend in growth for the world aviation industry, especially for the Asia-Pacific region, has been under pressure for the last five years, especially as a result of the global economic slowdown that has affected the purchasing power of people, but the Garuda Indonesia Group can still maintain its positive performance,” explained President Director of Garuda Indonesia, M. Arif Wibowo to reporters at the occasion.
Referring to the performance review of the Asia Pacific aviation industry released by the passenger yield of the Asia Pacific aviation industry in the past five years has experienced a significant downward trend, from USC 9.6/km in 2012 to USC 6.2/km in 2016. However, the passenger traffic recorded showed an increasing trend from 511.6 million passengers in 2012 to 632.8 million passengers in 2016.
Throughout 2016, the frequency of Garuda Indonesia flights also rose 9.89% to 274.969 from a total of 249.974 flights in 2015. The increase in flight frequency is in line with the company’s efforts to expand its network in both the domestic and international market.
Following the development of the cargo business, Garuda Indonesia managed to increase total cargo to 415.824 tons, an increase of 18.22% from 2015, when the total reached 351.724 tons. The overall amount of revenue in the cargo market in 2016 was recorded at US$219.15 million, an increase of 16.65% compared to the US$187.87 million booked in 2015.
Meanwhile, the Garuda Indonesia Group also managed to record an increase in scores of other income consisting of components of ancillary revenue, income sector strategic business unit (SBU), to other subsidiaries with the achievements of the sector amounted to US$392 million, an increase of 13.7% compared to the 2015 total of US$344.6 million.
During 2016, the Garuda Indonesia Group also focused on additional flight capacity as part of the revitalization program development by bringing 17 aircraft fleet, which consisted of four ATR 72-600 aircraft, four A330-300s, one B777-300ER aircraft and eight A330 -200. Thus, by the end of 2016, the Garuda Indonesia Group operates 196 aircraft with an average aircraft age of 4.6 years.
