Illustration (Photo:MI)
Illustration (Photo:MI)

Garuda Indonesia Posts USD6.98 Million Net Profit in 2019

English transportation (en) indonesian economy (en)
Annisa ayu artanti • 30 Maret 2020 16:36
Jakarta: National flag carrier PT Garuda Indonesia posted a net profit of USD6.98 million in 2019, after suffering a loss of USD231.15 in the previous year.
According to Garuda Indonesia's report published on Monday, March, 2020, the company's revenue stood at US4.57 million last year. It increased by 5.54 percent compared to the previous year. Scheduled flights, unscheduled flights and other income contributed to the company's revenue.
The scheduled flights contributed USD3.77 million, unscheduled flights contributed USD249.9 million, while other income contributed USD549.33 million.

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Garuda Indonesia earlier ensured that flight services to and from Australia and the Netherlands will continue to operate following restrictions on the movement of foreigners to a number of countries related to the covid-19 pandemic.
According to President and CEO of Garuda Indonesia Irfan Setiaputra, the continued operation of flight services to and from Australia and the Netherlands is a part of Garuda Indonesia's support to facilitate the movement of Indonesian citizens who will return to Indonesia from both countries, as well as Dutch and Australian citizens who will return to their respective countries from Indonesia.
Garuda Indonesia currently operates a Jakarta-Amsterdam route and Jakarta-Sydney, Denpasar-Sydney, Jakarta-Melbourne, Denpasar-Melbourne, Jakarta-Perth and Denpasar-Perth routes. Meanwhile, its low-cost carrier subsidiary, Citilink, serves Denpasar-Perth.


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