Garuda Indonesia reported a third-quarter net profit of $19.6 million, down 11.6% compared to the year-ago period, but a marked improvement on the $63.2 million loss in the first half of 2016. The airline expects profits to strengthen in the fourth quarter, and to continue improving in the next few years, thanks to a range of efficiency initiatives. These have delivered $210 million in savings through September, versus the carrier’s full-year target of $250 million. In 2015 this ...

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