Garuda Indonesia adjusts reported 2018 profit to $175 million loss

Credit: Rob Finlayson
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...

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