Garuda Blames First-Quarter Loss On Fuel Prices
Garuda Indonesia posted a net loss of 183.4 billion rupiah ($21.4 million) in the three months ending March 31, compared to a 16.8 billion rupiah profit in the same period last year, Garuda told the Jakarta stock exchange. Garuda posted the loss even though revenues increased 50% to 5.19 billion...
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