Garuda Indonesia intends to double its net profit this year to Rp 516 billion from a year earlier, says its president director.
"We aim to increase it by up to two-fold," Emirsyah Satar said following a discussion on state-owned companies' performance here on Thursday.
The profit will be the result of the company's success in raising its transport capacity, improving efficiency and expanding its market, he said.
Garuda will increase its fleet, including operating planes, under a lease contract as part of efforts to improve its transport capacity, he said.
The national flag carrier is in the process of ordering 50 Boeing 737-800s, 10 Boeing 777-30ERs and three Airbus planes under a lease contract. The 50 Boeing 737-800s will be delivered in 2009 and 10 Boeing 777-30ER in 2010.
Last year, Garuda posted a profit of Rp 258 billion after it suffered losses for three consecutive years.
Garuda suffered a loss of Rp 811.3 billion in 2004, Rp 688.4 billion in 2005 and Rp 197 billion in 2006.
He said efficiency was a must in view of a persistent steep rise in fuel costs.
"Efficiency also includes selling non-productive assets," he said.(**)
Posts
No comments:
Post a Comment