Garuda Indonesia Group almost halves operating loss in 1Q2018

    Garuda Indonesia Group reported (03-May-2018) the following financial highlights for the three months ended 31-Mar-2018:

    • Operating revenue: USD983 million, +7.9% year-on-year;
      • Passenger: USD741.6 million, +2.5%;
        • Garuda domestic: USD300.5 million, +0.9%;
        • Garuda international: USD320.8 million, -2.0%;
        • Citilink: USD120.4 million, +22.5%;
    • Total costs: USD1049 million, +2.5%;
      • Fuel: USD316 million, +8.1%;
      • Aircraft lease: USD260.1 million, +1.1%;
    • EBIT (loss): (USD66.1 million), compared to a loss of USD112.9 million in p-c-p;
    • Net profit (loss): (USD64.3 million), compared to a loss of USD101.2 million in p-c-p;
    • Passengers: 8.8 million, +5.0%;
    • Passenger load factor: 71.4%, -1.1ppt;
    • Cargo: 111,900 tons, +3.2%;
    • Passenger yield: USD 6.3 cents, +0.6%;
      • Garuda domestic: USD 7.7 cents, +1.0%;
      • Garuda international: USD 6.1 cents, +3.1%;
      • Citilink: USD 4.7 cents, -1.9%;
    • Cost per ASK: USD 5.8 cents, -1.9%;
      • Garuda domestic: USD 7.0 cents, -2.8%;
      • Garuda international: USD 5.4 cents, +1.7%;
      • Citilink: US D4.7 cents, -3.5%;
    • Cost per ASK excl fuel: USD 3.9 cents, -4.1%;
      • Garuda domestic: USD 5.0 cents, -2.8%;
      • Garuda international: USD 3.7 cents, -1.1%;
      • Citilink: USD 2.8 cents, -8.8%;
    • Total assets: USD3953 million;
    • Total liabilities: USD3096 million. [more – original PR]