TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Garuda Indonesia booked US$809,846 profit in 2018

The report says the company’s revenue increased to $4.37 billion in 2018 from $4.17 billion in 2017.

News Desk (The Jakarta Post)
Jakarta
Fri, April 5, 2019 Published on Apr. 4, 2019 Published on 2019-04-04T18:03:20+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Garuda Indonesia booked US$809,846 profit in 2018 A Garuda Indonesia aircraft. (Shutterstock.com/e X p o s e)

F

lag carrier Garuda Indonesia booked US$809,846 in 2018 after it recorded a loss of $216.58 million the previous year, according to a company report to the Indonesia Stock Exchange (IDX).

The report says the company’s revenue increased to $4.37 billion in 2018 from $4.17 billion in 2017.

The scheduled flights of the airline contributed $3.53 billion to the revenue, unscheduled flights contributed $266.86 million and other income contributed $567.93 million.

The asset value of the airline increased to $4.37 billion in 2018 from $3.76 billion the previous year, according to kontan.co.id.

In 2014, the company recorded losses of $370 million, in 2015 it booked a profit of $76.5 million and in 2016, its net profit decreased to $8.1 million.

Previously, Garuda Indonesia president director Ari Askhara revealed that the company had been able to address the loss since the third quarter of 2018. He told the press on Dec. 21, 2018 that the company had managed to book a meager profit during the year. (bbn)

 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.