Thanks to restructuring measures and development carried out by the company, in 2007 Garuda Indonesia managed to book a profit of Rp. 259 billion, in contrast to the performance in the same period of the past three years, when Garuda had always incurred losses: Rp 811 billion in 2004, Rp. 688 billion in 2005, and Rp. 197 billion in 2006.
This positive growth is indicated by improved performance in various areas of operations. Seat Load factor (SLF) rose by 9% from 72% to 78%. Garuda’s yield grew from 6.9 US$ to 7.4 US$, an increase of 7% Passenger volume also rose by 11% from 7.55 million to 8.41 million passengers.
This significant turnaround in performance was achieved through a number effective strategic programs, among them network restructuring, fleet effectiveness (improve from 8.5 hours to 9.5 hours per day), online payment programs, and incentives for frontline agents. |