Garuda Indonesia has released its restated financial results for 2018, adjusting the slender net profit in its initial report to a substantial loss. The restated results reveal a net loss of $175 million for 2018. The carrier had previously reported a profit of $5 million for the same period. Garuda recorded a net loss of $213.4 million for 2017. After the 2018 results were first released, Indonesian regulators compelled Garuda to revise and refile its results because of errors in the ...

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