Airlines | Crisis | Debt | Financial | Flag Carrier
Garuda Indonesia Reports $131.2 Million Net Loss for 9M 2024 Amid Revenue Growth
Garuda Indonesia has reported a net loss of $131.2 million for the first nine months of 2024, despite a 14.7% increase in revenue to $2.6 billion. The financial results highlight the ongoing challenges faced by the airline as it navigates through post-pandemic recovery and aims to stabilize its operations.