Garuda Indonesia (GA) has reported a first-half operating profit of $10.8 million, reversed from a loss of $34.8 million in the year-ago period.
Garuda Indonesia (GA) has reported a first-half operating profit of $10.8 million, reversed from a loss of $34.8 million in the year-ago period. GA also reported an operating income of $1.51 billion, up 17.7% from $1.29 billion in the year-ago period. It did not report expenses or other financial data. GA attributes the turnaround to its Quantum Leap 2011-2015 strategic plan, which resulted in a steep rise in passengers carried to 9.6 million, up 22.4% from 7.9 million ...
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