Garuda Indonesia continues profit turnaround

Credit: Boeing
Garuda Indonesia reported a net profit of $51.4 million for the first nine months of 2015, reversed from a $220.1 million net loss in the year-ago quarter. CEO Arif Wibowo credited the carrier’s “Quick Wins” turnaround program, and a “tight cost-efficiency policy” that was put in place at the...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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