Garuda Indonesia sinks into red despite network growth

Credit: Rob Finlayson
Garuda Indonesia reported a net loss of $63.2 million for the six months through June 30, reversed from a $29.3 million profit a year earlier. The earnings decline occurred as the airline continues its major international expansion effort. Group revenue was down 4.1%, despite the fact that passenger...
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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