Credit: Rob Finlayson
SINGAPORE —Garuda Indonesia’s improved revenue and lower net losses have been offset by sharply increasing fuel costs, pushing the Indonesian flag carrier back into negative equity less than a year after receiving a $1.4 billion capital injection from Indonesia's sovereign wealth fund Danantara...
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Garuda Indonesia Returns To Negative Equity As Fuel Costs Rise is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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