Garuda Indonesia Profitable in 2019; Current Outlook Uncertain

Garuda Indonesia increased its share of the domestic market, but demand is shrinking.
Credit: Rob Finlayson
After two consecutive lossmaking years, Garuda Indonesia achieved a profit of $6.5 million for 2019, reversing its $229 million loss a year prior; the airline did not provide an outlook for 2020. Revenue improved 5.6% year-on-year (YOY) to $4.8 billion and total equity grew 12.63% to $721 million...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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