Airline companies Garuda Indonesia earned a net profit of $ 3.76 billion or equivalent to Rp 57.3 trillion in the first half of 2022. Previously it was a loss.
Garuda Indonesia chairman director Irfan Setiaputra said this benefit cannot be separated from the Central Jakarta District Court’s decision regarding late payment of obligations. In addition, it was reported that the airline’s revenue also increased while operating expenses decreased.
“In line with the completion of the debt relief suspension (PKPU) process through the Central Jakarta (PN) District Court Endorsement Decision, Garuda Indonesia is accelerating various strategic efforts to maximize the restructuring phases that are have been started, “Irfan said in an official statement on Saturday (08/08/2020). 10/2022).
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Among other things, through the readiness to implement a rights issue as part of the follow-up to the approval of the PKPU peace proposal and the plan to increase the capital structure through state participation in the capital (PMN) by of the government.
In addition to an increase in operating income of 26.1%, there was a decrease in operating costs of approximately 11.71% compared to the same period of the previous year.
Not just profit, Garuda as a group also recorded passenger growth of 10.59% or 6,516,555 passengers. This is different from the same period last year at 5,892,274 passengers.
With this positive result, Garuda Indonesia expects its business performance to grow positively in the fourth quarter of 2022. This optimism is also supported by the opportunity to increase demand in the high season end of the year and the realization of corporate actions, including the acceleration of the fleet restoration program.
“We are optimistic that business performance can continue to show positive growth in the next quarter IV-2022, particularly looking at passenger demand that we continue to optimize through accelerating the fleet restoration program to maximize occupancy levels. ahead of the high-season holiday season at the end of this year, “explained Irfan.
Through the implementation of our optimized fleet recovery, particularly at the end of 2022, the Garuda Indonesia Group is expected to be able to operate at least 119 fleets, consisting of 61 fleets operated by Garuda Indonesia and 58 fleets by Citilink.
The acceleration of fleet restoration is also in line with efforts to simplify the type of fleet Garuda Indonesia operates, including by accelerating phased returns, one of which is for the Bombardier CRJ-1000 fleet which is expected to last through the end of 2022. .
“As the implementation of performance restructuring accelerates and the market outlook for the aviation industry, which shows promising opportunities, especially in domestic market share, we expect the performance transformation mission we are currently stepping up to continue to serve. more solidly in order to make Garuda Indonesia a healthier, more adaptable and licensed. competitive business entity, “concluded Irfan.
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