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Domestic market to be driver of recovery, Garuda chief says

first_imgNational flag carrier Garuda Indonesia expects the domestic market to drive its business this year, which is showing signs of recovery despite the heavy blow to the aviation sector by COVID-19, the company’s top executive has said.Garuda president director Irfan Setiaputra told The Jakarta Post in an exclusive interview on Thursday that the company was currently exploring new opportunities in the domestic market, as it provides better opportunities than the international market during the ongoing health crisis.“During the recovery process, we agreed that the domestic market will be the driver. The reasoning behind the decision is that we have more control in the market in regard to the [industry] authorities,” he said, referring to the firm’s relationship with aviation stakeholders such as state-owned airport operator PT Angkasa Pura (AP) II. “The only way to accelerate recovery is by boosting [the number] of passengers.”The airline enjoyed an increase of 58.1 percent month-on-month (mom) in the number of domestic passengers to over 110,400 passengers in July, which the airline attributed to the relaxation of the large-scale social restrictions (PSBB) by the government.However, the airline saw an overall 61 percent drop year-on-year (yoy) in total numbers of passengers as of July this year, down to 3.6 million passengers, as the pandemic stymied the airline’s operations and hit its financial performance, with social restrictions and border closures deterring people from flying.The airline posted a US$712.73 million loss in the first half of this year after booking net profits of $24.11 million in the same period last year. Furthermore, Irfan said the company had recently found new opportunities in the domestic market, which had previously been overlooked by management, such as freight exports.“There are huge opportunities to work together with small businesses, fishermen and other industries to provide them with logistics services for exports. We hadn’t thought about that in recent years,” he said.However, while the freight business provides an additional source of income, Irfan said it was unlikely that the contribution would significantly improve its profitability as its main revenue is still dominated by the passenger business.AP II previously projected a full recovery of Indonesia’s aviation industry to occur by mid-2023, with domestic flights projected to be the backbone of the industry’s recovery process.The forecast is slightly more optimistic than that by the International Air Transport Association (IATA), which expects the full recovery of global air passenger traffic by 2024, a year later than its initial estimate, given slow virus containment in developing economies, corporate travel cuts and weak consumer confidence during the global health crisis.However, regarding the international flights market, Garuda will maintain its current routes and only expand its routes once the pandemic ends, Irfan said.“We will try to maintain our existing routes as best as we can, and ensure our international routes can reach breakeven point during normal times. We are also working together with all stakeholders to establish new routes, which will bring in high-spending tourists to Indonesia,” he said.Garuda currently has 22 international routes to 10 countries including China, Japan, Australia, Netherlands and Singapore, according to the company’s website.The total number of international passengers carried by the airline plunged by 96 percent yoy to 10,581 passengers in July.During a hearing with the House of Representatives earlier in July, Irfan said that the airline was mulling whether to establish direct flights that will connect the resort island of Bali with cities in the United States like Los Angeles and San Francisco and Indian cities like Mumbai and New Delhi, as well as with France.However, during the interview, Irfan said the company was still “miles away” from the expansion plan as it was currently still focusing on the recovery process.“We’ll get through this pandemic first. Once it’s all over, then we’ll talk about the [expansion] plan and how we work together with other stakeholders to boost our tourist sector,” he said.In a research note published on Wednesday, Lee Young Jun from Mirae Asset Sekuritas expected that the airline’s monthly seat load factor (SLF) would not exceed 50 percent, while its SLF stood at 30 percent in July, according to the company’s data.“Although the management claimed that the improvement should continue until the end of 2020, we believe that monthly SLF will not exceed 50 percent, given the fact that new COVID-19 cases are continuously hitting new records,” the research note reads.It expects the company to book $1.63 billion in revenue by 2020 year-end, a sharp drop from $4.5 billion last year.Topics :last_img read more

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Arsenal star Kieran Tierney to miss Manchester City clash after Scotland team-mate tests positive for coronavirus

first_imgAdvertisement Arsenal star Kieran Tierney to miss Manchester City clash after Scotland team-mate tests positive for coronavirus Metro Sport ReporterWednesday 7 Oct 2020 3:18 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.8kShares Celtic midfielder Christie will have to self-isolate for 14 days (Picture: Getty)‘While this is obviously disappointing news the most important thing is the health and safety of the individuals involved and the wider group,’ Scotland head coach Clarke said.‘As soon as we were informed of the positive test, the Chief Medical Consultant immediately contacted the Scottish Government’s clinical adviser, who in turn alerted the local Health Protection Team.‘We have informed the respective clubs from whom we have borrowed the players and backroom staff and we now have to prepare for a huge match ahead tomorrow.’ Armstrong returned a positive test on Wednesday morning (Picture: Getty)Every other player in Steve Clarke’s squad tested negative for COVID-19 but Ryan Celtic’s Christie and Tierney came into close contact with Armstrong, meaning they too will have to self-isolate for 14 days as of yesterday.AdvertisementAdvertisementADVERTISEMENTTwo members of Scotland’s staff – a masseur and a physiotherapist – will also have to self-isolate after being identified as close contacts. Kieran Tierney will miss Arsenal’s match with Manchester City (Picture: Getty)Arsenal look set to be without Kieran Tierney for their trip to Manchester City in the Premier League after the defender’s Scotland team-mate, Stuart Armstrong, tested positive for coronavirus. Armstrong returned a negative test on arrival at Scotland’s Oriam training base but the supplementary UEFA test came back positive on Wednesday morning. The Southampton midfielder must self-isolate for ten days from October 6, the date he was tested, and will therefore play no part in Scotland’s upcoming matches with Israel, Slovakia and Czech Republic,center_img The Scotland full-back has impressed for Arsenal this term (Picture: Getty)Tierney has started three of Arsenal’s four opening matches in the Premier League this season and looked set to continue his run in the side after the international break, when the north London club travel to the Etihad. The left-back’s progress was hampered by injury problems following a £25million move from Celtic to Arsenal last summer but he went on to cement his place in the side towards the end of the campaign under Mikel Arteta and has impressed this term.‘The winning mentality means a lot in football, the manager wants to bring that to Arsenal because they’ve obviously gone through a spell were the fans weren’t happy, the club was not happy and the players weren’t happy, we were not achieving what we wanted to achieve,’ Tierney said when asked about Arteta last month. More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Him coming in and knowing what the club was about helped, knowing it needed success and trophies, Arsenal need to be high up in the league as well.‘From me learning there and hopefully bringing a bit of that here, it’s going to benefit everyone.’AdvertisementAdvertisementFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.MORE: Mikel Arteta told Emiliano Martinez he had a 95% chance of starting Arsenal’s first game of the seasonMORE: Thomas Partey spoke glowingly about new Arsenal teammate Granit Xhaka during transfer talks Clarke’s side take on Israel before facing Slovakia and Czech Republic (Picture: Getty)Scottish FA chief executive Ian Maxwell added: ‘We were made aware of the positive test this morning and I reiterate Steve’s view that the health and safety of those involved is paramount. ‘We will maintain constant dialogue with Dr John MacLean to ensure that those who are required to self-isolate are given the full support of the Scottish FA in conjunction with their clubs. ‘Equally, the protocols and procedures in place are designed to ensure that the remaining members of the squad – who have all returned two rounds of negative tests – can continue to prepare for the forthcoming matches in a safe and secure environment.’ Comment Advertisementlast_img read more

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Hands off Bojan – Hughes

first_img Liverpool are being strongly linked with a move for the former Barcelona youngster after his recent run of form. Rumours of their interest were initially flaky but talk of an approach for the 24-year-old has gathered steam this week, with Reds boss Brendan Rodgers perhaps looking to bolster his sometimes meagre forward line. “It was very good,” he said. “We got there at just the right time, given the weather we left behind here. “We enjoyed it and got some good work done.” Potters captain Ryan Shawcross is a major doubt for Monday’s game due to a groin injury. The centre-half has not trained so far this week and while he is likely to do so this weekend, Hughes is unlikely to risk him. Forward Jonathan Walters is Hughes’ only other doubt, with a minor back problem. Press Association However, Hughes was quick to dismiss such talk ahead of Monday’s FA Cup fourth-round trip to Rochdale. “Don’t bother,” he said. “He’s done exceptionally well. We knew it would take a little bit of time for him to get to grips with the Premier League and he’s done that. “He’s playing well. He’s a talented football player and I think he’s proving that in the Premier League. “At this stage of his career that he’s had disappointments such as being sent out on loan by Barcelona, the disappointments he had in terms of his game time and maybe how he was treated in certain situations. “So he’s come here and really embraced what we’re doing and I think he’s enjoying the environment that we can give him. “I think he’s very happy. We have no intention of encouraging any interest in him. He’s a big part of what we want to do, moving forward, so it’s a non-story.” Hughes took his players for warm-weather training in Dubai this week before returning on Friday. Stoke manager Mark Hughes has sent a simple message to any clubs looking to snatch Bojan Krkic: “Don’t bother.” last_img read more