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...
Subscription Required
Garuda Indonesia Profitable in 2019; Current Outlook Uncertain is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password
Not a member? Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.