Garuda Revenue Rises 13.2%, Loss Narrows

Garuda Indonesia’s revenue rose 13.2% to $2.71 billion in the first nine months of 2026, driven by growth in scheduled flights and a 31.3% increase in non-airline businesses. Revenue from aircraft maintenance and travel agency services helped diversify the business, while operating expenses excluding fuel grew only 3.1%. But jet-fuel spending surged 42.9%, contributing to a 15.7% rise in total operating costs. The group posted an operating profit of $97.2 million, while its net loss narrowed 3% to $179.3 million, showing progress in its recovery despite continued cost pressures.