News
Garuda Indonesia focuses on cargo to offset passenger losses
May 28th 2021
Garuda Indonesia told the Indonesia Stock Exchange this week it was optimising its cargo services, including opening special cargo flights, passenger freighter aircraft operations and prioritising cargo charter services to increase income amid the pandemic. Read More » The flag carrier aimed to derive 40% of its operating revenue from its cargo business, up from about 10%-15% at present. Garuda's regulatory filing was a response to questions from the Indonesian bourse after an audio recording of an address delivered to staff by Garuda Airlines CEO, Irfan Setiaputra, came into the hands of the media. Setiaputra reportedly told staff the SkyTeam alliance member may have to reduce its fleet by 50% to 70 aircraft, due to COVID-19. Garuda is investigating the source of the news leak.
