aviation

Garuda Indonesia Records Revenue Growth, Mostly Supported By Umrah Flights

PT Garuda Indonesia (Persero) Tbk. recorded revenue growth from the unscheduled or charter flight segment of 92.88 percent in the first quarter of 2025. The increase was generally supported by the market traffic of the Umrah charter to Mecca, Saudi Arabia. 

Garuda Indonesia President Director Wamildan Tsani said this revenue growth was a positive signal amidst the business transformation that his company was undergoing. "Strengthening the performance of this charter is the foundation of our revenue diversification strategy," said Wamildan in a written statement, Tuesday, May 6, 2025. 

Meanwhile, Garuda Indonesia's charter market share revenue in the first quarter of 2025 was US$ 37.95 million or IDR 623.84 billion. With a record passenger traffic of 24,618 people with more than 69 flights for the Umrah period. "Demand is increasing, especially in the Umrah and group travel segments," said Wamildan. 

Overall, said Wamildan, consolidated operating income as of March 31, 2025 was recorded at US$ 723.56 million, an increase of 1.63 percent compared to the same period the previous year. In addition to growth from charters, this income was also supported by an increase in passenger and cargo volume. 

Then, throughout January to March 2025, Garuda Indonesia Group transported 5.12 million passengers, consisting of 2.64 million Garuda Indonesia passengers and 2.48 million Citilink passengers. The seat load factor was recorded at 78.8 percent or an increase of 5 percent compared to the first quarter of 2024. 

In the cargo sector, the volume of transportation increased by 5 percent to 58,145 tons, consisting of 34,715 tons by Garuda Indonesia and 23,430 tons by Citilink. This performance shows the acceleration of gradual recovery in the cargo business line which had experienced a slowdown after the pandemic. 

From the financial side, Garuda Indonesia also managed to record a net cash flow from operating activities of US$ 162.27 million, an increase of 87.15 percent compared to the same period last year. According to Wamildan, this condition shows an increase in operational efficiency and strengthening of the company's liquidity. 

"We respond to this growth trend with optimism. The soaring charter performance is an important catalyst in strengthening the foundation of the business. At the same time, we are also accelerating the capacity optimization program by adding fleets, with a target of reaching 100 aircraft by the end of 2025," said Wamildan. 

Tag: Garuda Indonesia Persero Umrah Flights Wamildan Tsani