Garuda Indonesia returns to profit on hedging, cost reductions

Credit: Rob Finlayson
Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year. The Indonesian flag carrier earned $3.5 billion in operating income, boosted by a $51.7 million earning on hedge transactions...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.