Shaken by Turbulence in Foreign Exchange
The depreciation of the rupiah has rocked the airline industry. Half of its operationalcosts are inthe US dollar.
January 7, 2014
Garuda Indonesia (GIAA) tickets to Denpasar and Lombok during the Christmas and New Year holidays were sold out. Flights on Boeing 737-400s with a capacity of 150 seats were fully booked, the General Manager of Garuda Nusa Tenggara Barat,Sudarmadi, told Tempo last Friday.
The annual holiday was a joyous season for airlines. The number of Sriwijaya Air passengers, for example, increased by 10-12.5 percent according to the company's spokesperson, Ag
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