Garuda Indonesia Group bounces back in the black in 2019

    Garuda Indonesia Group reported (12-May-2020) the following financial highlights for the 12 months ended 31-Dec-2019:

    • Operating revenue: USD4573 million, +5.6% year-on-year;
      • Scheduled passenger services: USD3446 million, +5.6%:
      • Scheduled cargo services: USD326.9 million, +23.1%;
    • Operating expense: USD4409 million, -4.0%;
      • Fuel: USD1190 million, -14.8%;
    • Operating profit: USD147.0 million, compared to a loss of USD199.1 million in p-c-p;
    • Passenger yield: USD 8.0 cents, +20.2%;
      • Garuda Indonesia: USD 8.1 cents, +14.3%;
      • Citilink: USD 7.7 cents, +44.6%;
    • Cost per ASK (CASK): USD 6.4 cents, +5.2%;
      • Garuda Indonesia: USD 6.7 cents, +4.0%;
      • Citilink: USD 5.5 cents, +11.7%;
    • CASK exclude fuel: USD 4.5 cents, +9.6%;
      • Garuda Indonesia: USD 4.7 cents, +6.6%;
      • Citilink: USD 3.7 cents, +27.1%;
    • Net profit: USD6.5 million, compared to a loss of USD228.9 million in p-c-p;
    • Total assets: USD4456 million;
      • Cash and cash equivalents: USD299.3 million;
    • Total liabilities: USD3735 million.