Garuda Indonesia returns to profit on hedging, cost reductions
Credit: Rob Finlayson
Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year. The Indonesian flag carrier earned $3.5 billion in operating income, boosted by a $51.7 million earning on hedge transactions...
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