Company Profile of Garuda Indonesia: Transition to a World Class Airline
Garuda Indonesia is the most renowned airline of Indonesia. The company, which received four stars from Skytrax, provides both domestic and international flights (passengers and cargo). In recent years, Garuda has experienced a remarkable transition from being banned to fly to the Eurozone towards becoming a world-class airline that is acknowledged by international critical acclaim. Although Garuda is Indonesia's top class airline, it taps the low-cost aviation sector through its subsidiary Citilink Indonesia.
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Garuda Indonesia's Financial Highlights:
Starting from 2012, Garuda Indonesia reports its financial highlights in million US Dollar. Therefore figures for 2012 are in US dollars, all other figures are in IDR rupiah except otherwise stated
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| Net Income | 164.1 | 984.2 | 1,003.0 | 518.2 | 808.7 | 110.6 |
| Income Before Tax | 313.1 | 1,028.7 | 999.6 | 411.4 | 1,002.7 | 151.5 |
| Operating Revenues |
14,042.4 | 19,349.7 | 17,860.4 | 19,534.3 | 27,164.6 | 3,472.5 |
| Total Assets | 11,952.9 | 15,303.8 | 14,802.4 | 13,666.0 | 18,010.0 | 2,518.0 |
| Total Liabilities | 13,182.4 | 13,887.9 | 11,581.4 | 10,196.6 | 10,462.8 | 1,403.0 |
| Earnings per Share¹ | - | - | - | 28,26 | 36,39 | 0,0049 |
| P/E Ratio (x) | - | - | - | - | - | 9,7 |
in billion rupiah (IDR), except otherwise stated
¹ 2007-2011 in rupiah (IDR), 2012 in US dollar
Source: Garuda Indonesia, annual reports 2011 & 2012
Future Projection of Garuda Indonesia's Financial Highlights:
| 2012 | 2013F | 2014F | 2015F | |
| Net Income | 110.6 | 84.0 | 195.0 | 186.0 |
| Operating Revenues |
3,472.5 | 4,500.0 | 5,366.0 | 5,887.0 |
| Earnings per Share¹ | 0,005 | 0,004 | 0,009 | 0,008 |
| P/E Ratio (x) | 9,7 | 13,6 | 5,8 | 6,1 |
in million US dollar, except otherwise stated
¹ in US dollar
Source: Investor Daily