Garuda Indonesia told a parliamentary commission it lost IDR672 billion ($70.7 million) in 2005, a narrowing of 17.1% from its 2004 losses, according to AFP. The carrier said the slight improvement came as cost cuts were offset by rising fuel prices and continued fallout from the Bali terrorist bombings, which ate into earnings by an estimated $14.7 million, according to an airline spokesperson cited by AFP. Garuda reportedly missed a $55 million debt repayment in December and remains $1.2 ...

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