Thursday, July 24, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

Garuda Targets Passenger Increase of 30 Percent

by Becky
2023-06-02
in Economic
A A
Boeing 737-800 NG

Photo: Garuda Indonesia

Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Jakarta – National airline Garuda Indonesia (Garuda) projects that its business performance record will continue to grow consistently and show a positive outlook until the end of 2023 following increased public interest in air travel in line with the momentum of the national tourism industry growth this year.

“In line with the positive performance growth recorded by the company since the beginning of 2023, we estimate an upward trend in the number of passengers of up to 36.45 percent in the third quarter of 2023 when compared to the same period in 2022,” said Garuda Indonesia President Director, Irfan Setiaputra, as quoted by InfoPublik on Thursday (1/6/2023).

Irfan further said that Garuda’s passenger transportation until the third quarter of this year is expected to exceed the achievement of passenger transportation throughout 2022. “This projection is an achievement in itself to see the performance outlook in 2023 which is in line with the company’s strategic action efforts in achieving accelerated performance recovery through increased passenger traffic supported by the completion of the restructuring process at the end of last year,” he said.

RelatedPosts

Indonesia Rejects Malaysia’s Rice Import Request, Prioritize Domestic Supply

Betting Markets Abuzz with $450 Million Payouts Following Donald Trump Win

Optimism for Garuda’s performance this year, according to Irfan, is also represented through the company’s EBITDA which recorded growth at the end of the first quarter to 71 million USD and a positive cash flow position. This is supported by a performance foundation that continues to be strengthened through an increasingly healthy business income fundament, especially after various comprehensive restructuring efforts carried out in 2022.

ADVERTISEMENT

In addition, Garuda also managed to increase the achievement of the revenue per aircraft ratio by 11.29 percent to 26.10 million USD in 2022 compared to the aircraft per revenue ratio in 2019 of 23.45 million USD. This is an indicator of increasingly optimal productivity where the company’s performance, which is currently supported by a fleet composition that has decreased significantly by 70 percent compared to 2019, can produce a higher revenue per aircraft ratio.

“With a healthier performance foundation, the company’s sustainable steps in maximizing performance growth will certainly continue in 2023 in a measured and proportional manner, by maximizing profitability and increasing production equipment which is also aligned with diversification efforts and increasing full-service flight services,” said Irfan.

With regard to the focus of performance in 2023, Irfan revealed that a number of the company’s strategic steps continue to be optimized, especially on production capacity to support operational activities, including Garuda will add five narrow body aircraft of the Boeing 737-800 NG type which will be available in stages throughout 2023.

“In the initial phase, two aircraft are scheduled to be received by Garuda at the beginning of the third quarter. Meanwhile, the delivery of the other three aircraft is expected to be received in the fourth quarter. Thus, it is expected that by the end of 2023 the number of Garuda’s fleet will be even stronger where the company will operate at least 63 fleets to support various flight operational steps, including in the network development strategy for several flight routes that are the preference of the public,” concluded Irfan.

Tags: Garuda Indonesia
ADVERTISEMENT

Related Posts

Indonesia Continue Negotiations with U.S., Secure 0% Import Tariffs on Several Essential Commodities

2025-07-22

Jakarta, Indonesia Sentinel -- The Indonesian government is continuing negotiations with the United States in an effort to secure zero...

Trump Tariffs

Indonesia to Buy 50 Boeing in a Deal to Avoid Trump 32% Tariffs

2025-07-22

Jakarta, Indonesia Sentinel -- Indonesia has agreed to purchase 50 Boeing aircraft from the United States as part of a...

Benchmark Interest Rate

Bank Indonesia Cuts Benchmark Interest Rate to 5,25% in July 2025

2025-07-21

Jakarta, Indonesia Sentinel -- Bank Indonesia has decided to lower its benchmark interest rate, known as the BI Rate, by...

Trump Tariff

Trump Announces 19% Tariff on Indonesian Imports, While U.S. Gains Full Access to Indonesian Resource

2025-07-17

Jakarta, Indonesia Sentinel -- U.S. President Donald Trump announced a new 19% import tariff on goods from Indonesia on Tuesday...

E-Commerce Tax

Indonesia Mandates E-Commerce Platforms to Collect Income Tax from Online Sellers

2025-07-16

Jakarta, Indonesia Sentinel -- Indonesia’s Finance Minister Sri Mulyani Indrawati has officially issued a regulation requiring e-commerce platforms to collect...

coal benchmark price

Indonesia Set July Coal Benchmark (HBA) Price at $107.35 per metric ton, Raises Nearly 9%

2025-07-15

Jakarta, Indonesia Sentinel -- Indonesia’s government has raised its coal benchmark price (Harga Batubara Acuan or HBA) for the first...

Tariff Negotiations

Indonesia to Resume Tariff Negotiations with U.S. Following 32% Reciprocal Tariff

2025-07-11

Jakarta, Indonesia Sentinel -- Indonesia is set to resume trade negotiations with the United States over the next three weeks,...

Copper Imports Tariff

Trump Proposes 50% Tariff on Copper Imports, Sending Prices to Record Highs

2025-07-11

Jakarta, Indonesia Sentinel -- President Donald Trump announced plans Tuesday to impose a 50% tariff on all copper imports into...

2026 Macroeconomic Assumptions

Indonesia Sets 2026 Macroeconomic Assumptions for Draft State Budget

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia’s government and parliament have agreed on the 2026 Macroeconomic Assumptions, which will serve as the...

Indonesia Foreign Reserves

Indonesia Foreign Reserves Rise to $152.6 Billion in June, Central Bank Reports

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia foreign exchange reserves rose slightly to $152.6 billion at the end of June 2025, according...

Load More
Next Post
2023 Agriculture Census

Central Bureau of Statistics Starts 2023 Agriculture Census

Popular

  • Mentawai Tribe

    Mentawai Tribe Tooth Sharpening Tradition as a Symbol of Beauty, Culture, and Sacrifice

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • Indonesia’s Life Expectancy Rises to 74.15 Years in 2024, Statistics Agency Reports 

    0 shares
    Share 0 Tweet 0
  • TikTok Shop GMV 2024 Hits $32.6 Billion, Indonesia Second Largest Contributor

    0 shares
    Share 0 Tweet 0
  • Indonesia Boasts an Outstanding Number of Islands, How Many?

    0 shares
    Share 0 Tweet 0

Recommended

Snowfall South Africa

Unexpected Heavy Snowfall hit South Africa, Causing Deaths and Widespread Disruptions!

10 months ago
Kirana Jakarta 2025

Jakarta Gears Up for Spectacular New Year Celebration with Kirana Jakarta 2025

7 months ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel