Garuda's operating income up

Garuda's operating income up

JAKARTA (JP): National flagship carrier Garuda Indonesia
booked an operating income of Rp 486.5 billion (US$59 million)
during the first half of the year, compared to a Rp 1.1 trillion
operating loss in the corresponding period last year.

Darwin Silalahi, director of transportation at the State
Ministry of the Empowerment of State Enterprises, Garuda had
recorded a turnaround from a negative to a positive income, due
to the corporate restructuring program in the company starting
mid last year.

"The restructuring program at Garuda has been successful in
improving the company's operating cash flow," he said.

Darwin however declined to reveal the company's net income, or
current debt burdens.

Meanwhile, a Garuda official in Medan, North Sumatra, said
Garuda would reopen next year the flight route from Medan to
Singapore and Kuala Lumpur.

The route has been closed for the past two years due to the
economic crisis. (udi/39)