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OCTOBER 2024

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Garuda Indonesia announces US$101.7 million interim net loss

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October 2nd 2024

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Garuda Indonesia has reported a net loss of US$101.7 million for the six months to June 30 2024, compared with a $76.5 million net loss in the same months in 2023. Read More » Revenue increased 18.3%, to US$1.6 billion, Garuda Indonesia said in a regulatory filing, but revenue growth was outpaced by a 26.1% increase in costs, the airline's financial accounts detail.

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