NaniAfrida, The Jakarta Post, Jakarta | Mon, 12/27/2010
The ailing Merpati Airlines estimates it will have Rp 40 billion (US$44.4 million) in losses this year, mainly due to high spending on restructuring and maintenance.
“We had to do that to improve our services to passengers,” Merpati finance director Farid Lutfi said Monday.
Farid said Merpati reaped Rp 16.6 billion in net profit last year thanks to a capital injection from the sale of Merpati’s offices.
The airline earned Rp 1.7 trillion in revenue this year, a decrease from the Rp 1.8 trillion for 2009, he said.
He said he was optimistic the company would be profitable again next year, as Merpati will have six new aircrafts in operation by April of next year.
“We expect to raise our revenue by 20 percent next year,” he said.
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