Garuda Indonesia's Cargo Volume Soars

Garuda Indonesia's Cargo Volume Soars

Garuda Indonesia increased its cargo volumes nearly 20 percent in the third quarter.

The rapidly expanding Indonesian-flag airline said its volumes totaled 201,070 metric tons in the three-month period ending Sept. 30, up 18.7 percent compared to a year earlier.

Consolidated operating revenue increased 14.4 percent in the period to $2.39 billion, while income from operations rose 140 percent to $92.75 million.

The gains came as the carrier continued to expand its service network and route frequencies as new aircraft were added to the fleet. The number of flights operated in the quarter rose to 111.251, up 17.2 percent year-over-year.

Twenty new aircraft are scheduled to join the Garuda fleet by the end of 2012, taking the number of aircraft operated to 105 with an average age of 5.8 years.