Garuda Indonesia back in the red and outlook uncertain following IPO

Premium Analysis

Garuda Indonesia returned to the red in 1Q2011 despite impressive revenue and traffic growth and a significant improvement in load factors. In its first financial report as a publicly traded company, Garuda reported an operating loss of IDR259 billion (USD30 million) for 1Q2011 and a net loss of IDR184 billion. Generally the 1Q2011 performance represented an improvement over 1Q2010, when Garuda recorded an operating loss of IDR361 billion, but is disappointing considering Garuda completed what was widely referred to as a turnaround prior to its Feb-2011 initial public offering.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,254 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.