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View all search resultsIndonesian airlines have expressed optimism that passenger figures on domestic routes are on track to get back to the pre-pandemic level in the first quarter of 2024, nearly a year faster than previously estimated.
A world-first block-to-block air transportation agreement between the ASEAN and the European Union promises passengers an increased number of flights and more destinations for travel between the two regions.
"Due to ongoing pandemic-related flight and travel restrictions, the airline reported a loss of 20.3 billion dirhams ($5.5 billion) after last year's 1.1 billion dirhams ($288 million) profit," the Middle East's largest carrier said in a statement.
National flag carrier Garuda Indonesia needs more than cash to survive another day. To solve its Rp70 trillion (US$4.9 billion) debt crisis, the airline requires government help and a profound restructuring of its business.
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