Garuda aiming for US$75m profit in 2018 after cost cuts
The loss-making airline is boosting aircraft utilisation, lowering expenses and wooing global customers
Tue, Oct 24, 2017 - 5:50 AM
Garuda is also leveraging Indonesia's geographic position to get more overseas customers. Revenue from international flights expanded almost 15 per cent in the first half from a year earlier, while the share from domestic travel fell.
PT GARUDA INDONESIA is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve.
The airline is predicting a profit of US$75 million in the second half ending December but won't be able to post a profit...