Garuda aims to improve financial performance in two years

Garuda Indonesia is optimistic its operational and financial performance will see sustainable positive growth in one to two years, fueled by business strategy focusing on financial performance transformation.

“Garuda Indonesia will focus on improving its performance by taking 10 financial and business performance initiatives in such a way that its operational and financial conditions will be better and we are quite optimistic about achieving it in one to two years time,” Garuda Indonesia President Director Pahala N Mansury said here on Sunday.

In the phase of business growth which is full of challenges, Pahala expressed gratitude to all sides for their attention and inputs to improve the financial performance and business dynamics of Garuda Indonesia.

“Of course, this is worthy of out praise, particularly when it comes to the commitment and concern of all stakeholders to ensure that Garuda Indonesia as national flag carrier will always have good business performance,” he said.

He said the company is currently in very good condition in terms of operations and services to the public.

The challenge that the company must fulfill now is related to how to improve its financial performance in a sustainable way to ensure the continuity of its business, he said.

“We ascertain that the phase of business cycle that Garuda Indonesia is going through is only temporary now that in terms of infrastructures, human resources and products, all business lines of the company have good platform to support the improvement of its performance,” he said.

Among the 10 financial performance strategy initiatives are making optimum use of fleet, lowering the costs of fleet, improving services related to punctual departure and arrival time, and reforming the system of managing income from service users.