Profit after Loss
Garuda started recording profits by the end of last year. Most were gained on revenue outside passenger tickets.
A week before the general meeting of shareholders, Garuda Indonesia management announced its latest financial report to investors. The report was uploaded to the Indonesian Stock Exchange the same day as the general election, on Wednesday, April 17. Garuda Indonesia has returned to profitability during the first quarter this year, said the report.
The state-owned airline recorded a net profit of US$19,7 million. “Earned on o...