Garuda Indonesia Group reports USD703.4m operating loss in 1H2021

    Garuda Indonesia Group reported (31-Aug-2021) the following financial highlights for the six months ended 30-Jun-2021:

    • Operating revenue: USD696.8 million, -24.0% year-on-year;
      • Scheduled passenger services: USD375.3 million, -40.5%:
      • Scheduled cargo services: USD181.2 million, +51.7%;
    • Operating expense: USD1380 million, -16.0%;
      • Labour: USD45.6 million, -30.1%;
      • Fuel: USD228.5 million, -16.1%;
    • Operating profit (loss): (USD703.4 million), compared to a loss of USD707.2 million in p-c-p;
    • Net profit (loss): (USD901.7 million), compared to a loss of USD723.3 million in p-c-p;
    • Total assets: USD10,115 million;
      • Cash and cash equivalents: USD78.7 million;
    • Total liabilities: USD12,963 million.
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