Garuda Indonesia slipped to a substantial net loss in 2017 partly because of increased fuel costs, although the carrier said it is making progress on some of its strategic priorities. The carrier reported a net loss of $213.4 million for 2017, a significant drop from a profit of $9.4 million in the previous year. Garuda achieved a narrow profit of $8.5 million in the fourth quarter, versus a profit of $53 million in the same period a year earlier. Most of its 2017 losses were recorded in ...

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