News
Garuda Indonesia reports year-on-year increase in revenue for the first nine months of 2026
November 6th 2026
Garuda Indonesia reported a 13.2% year-on-year increase in revenue to US$2.71 billion for the first nine months of 2026, supported by stronger contributions from its core airline operations and a 31.3% rise in non-airline business revenue. Read More » “The performance reflects the Group’s expanding revenue base and continued transformation progress, despite persistent pressure from elevated jet fuel prices,” the airline said. Revenue from scheduled airline services increased 12.6% year-on-year, contributing an additional US$233.2 million, while non-scheduled services grew 2.1%, adding US$6.3 million. Non-airline businesses recorded a US$77.0 million revenue increase, accounting for approximately 24.3% of the Group’s total revenue growth during the nine months of 2026. Garuda Indonesia Group recorded an operating profit of US$97.2 million, while its net loss narrowed by 3.0% to US$179.3 million. Growth was supported by a 42.4% increase in aircraft maintenance revenue from external customers at GMF AeroAsia, alongside a 76.1% rise in travel agency services revenue.
“Strengthening our core airline operations remains essential, but our future growth must also come from making better use of the capabilities and opportunities across the Group. The increasing contribution from our non-airline businesses demonstrates how a more integrated and commercially focused business ecosystem can support our financial recovery,” Garuda Indonesia President Director and CEO Thomas Oentoro said.
