Garuda Indonesia operating loss halved in 1H2018

    Garuda Indonesia reported (30-Jul-2018) the following financial highlights for six months ended 30-Jun-2018:

    • Total operating revenue: USD1999 million, +5.9% year-on-year;
      • Passenger: USD1568 million, +3.8%;
      • Cargo: USD124.5 million, +7.6%;
      • Excess baggage: USD6.4 million, +4.6%;
    • Total operating costs: USD2147 million, +4.0%;
      • Fuel: USD639.7 million, +12.0%;
      • Aircraft rental and charter: USD517.1 million, stable;
      • Maintenance and overhaul: USD208.6 million, +9.7%;
    • Operating profit (loss): (USD108.0 million), compared to a loss of USD214.5 million in p-c-p;
    • Net profit (loss): (USD114.0 million), compared to a loss of USD283.8 million in p-c-p;
    • Total assets: USD4016 million;
    • Cash and cash equivalents: USD301.9 million;
    • Total liabilities: USD3196 million.