The increased costs that caused Garuda Indonesia’s first quarter net loss are set to rise further once the airline takes delivery of its Boeing 777s later this year. In the three months ended March 31, Garuda recorded a loss of $34 million, compared with an $11 million loss in the same period last year. Revenue rose 13% to $807 million, due in part to an 8% increase in domestic passengers to 3.5 million and an 11% rise in international enplanements to 922,000. But fuel expense increased ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Garuda's Quarterly Loss Likely Start Of A Trend".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.