Garuda books US$29.3m net profit in first half 2015

Garuda Indonesia has booked a US$29.3m net profit in the first half of 2015, increasing 114.5% compared to the same period last year, which was a negative US$201.3m. The performance growth – amidst the economic down turn – has been achieved through various initiatives by the airline called the “Quick Wins” program, as well as a continuous efficiency strategy. Operating revenue increased to US$ 1.84bn, up 4.7% from US$1.76bn compared to the previous year, while operating expenses decreased by 11.6% from US$1.99bn to US$1.76bn.