Garuda's Performance Under Pressure from Soaring Operating Costs

Transportation & Logistics

Lite

Hari Widowati 28/06/2019 10:52 WIB

URL has been copied

Memuat...

Although Garuda's revenue increased, a sharper rise in operating expenses pressured its profitability.

Garuda Indonesia Financial Performance 2016-2018

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Garuda's Performance Under Pressure from Soaring Operating Costs

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Garuda Indonesia Financial Performance 2016-2018

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Garuda Indonesia Tbk (GIAA)'s performance over the past two years has been pressured by continuously increasing operating expenses. Although Garuda's revenue increased, a higher surge in operating expenses resulted in decreased profitability.

In 2017, Garuda recorded US$4.18 billion in revenue, an 8.29% increase compared to 2016's US$3.86 billion. In 2018, the national airline's revenue reached US$4.38 billion, a 4.78% increase compared to 2017.

Meanwhile, the company's operating expenses in 2017 reached US$4.24 billion, a surge of 11.87% compared to 2016's US$3.79 billion. These operating expenses continued to increase to US$4.58 billion in 2018, an 8% increase compared to 2017.

Garuda recorded a net loss of US$213.39 million in 2017 after recording a net profit of US$9.36 million in 2016. In 2018, the company booked a net profit of US$5.02 million due to other operating income amounting to US$306.8 million.

(Read Databoks: How Many Passengers Does Garuda Airline Have?)

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

SeaBank's Profit Grew 40% in Q3 2025

BUMI Acquires Gold Mine, Here's Its Profit Until Q3 2025

Assets and Liabilities of Indonesia's State-Owned Construction Companies Q3 2025, WSKT Largest

Debt of Indonesia's State-Owned Construction Companies Decreased in Q3 2025

Cinema XXI (CNMA) Profit Drops 16% in Q3 2025

PTBA's Profit Reached IDR 1.39 Trillion as of September 2025, Plunging 56.84%

Latest Data Stories

The daily price of local granulated sugar in modern markets in Lampung Province has remained unchanged for the past month. Economics & Macro 11/12/2025, 17:59 WIB

The daily price of medium-quality II rice in traditional markets in West Java Province has decreased by 0.7% over the past month. Economics & Macro 11/12/2025, 17:24 WIB

Indonesian Rupiah Weakens to Rp 16,660 per US Dollar (Tuesday, May 13, 2025) Market 11/12/2025, 17:20 WIB

Number of Doctors and Specialist Doctors in Hospitals in Aceh, North Sumatra, and West Sumatra in 2024 Consumer Services & Health 11/12/2025, 17:15 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 11/12/2025, 17:11 WIB

10 Regions with the Cleanest Afternoon Air (December 11) in Indonesia Consumer Services & Health 11/12/2025, 17:06 WIB

Download

Source

Garuda's Performance Under Pressure from Soaring Operating Costs

Garuda's Performance Under Pressure from Soaring Operating Costs

Tags

Related Data

SeaBank's Profit Grew 40% in Q3 2025

BUMI Acquires Gold Mine, Here's Its Profit Until Q3 2025

Assets and Liabilities of Indonesia's State-Owned Construction Companies Q3 2025, WSKT Largest

Debt of Indonesia's State-Owned Construction Companies Decreased in Q3 2025

Cinema XXI (CNMA) Profit Drops 16% in Q3 2025

PTBA's Profit Reached IDR 1.39 Trillion as of September 2025, Plunging 56.84%

Latest Data Stories

Popular Data

Garuda's Performance Under Pressure from Soaring Operating Costs

Garuda's Performance Under Pressure from Soaring Operating Costs

Tags

Related Data

SeaBank's Profit Grew 40% in Q3 2025

BUMI Acquires Gold Mine, Here's Its Profit Until Q3 2025

Assets and Liabilities of Indonesia's State-Owned Construction Companies Q3 2025, WSKT Largest

Debt of Indonesia's State-Owned Construction Companies Decreased in Q3 2025

Cinema XXI (CNMA) Profit Drops 16% in Q3 2025

PTBA's Profit Reached IDR 1.39 Trillion as of September 2025, Plunging 56.84%

Latest Data Stories

Trending Topics

Popular Data