Garuda Indonesia reported a $64.3 million net loss for the first quarter of 2018, an improvement from a loss of $101.2 million a year ago, as the carrier made progress on many of its turnaround goals in addition to increased fleet utilization, which helped Garuda reduce its net loss in the first quarter. The airline has set a target of achieving a group net profit of $170 million in 2020 following its multiyear recovery initiative. Revenue increased 7.9% year-over-year (YOY) to $983 ...

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