National flag carrier Garuda Indonesia (GIAA) is remain optimistic to booked revenues of US$3.1 and $3.2 billion as it targets for ths year, despite having canceled about 100 flights because of the eruption of Mount Agung in Bali. GIAA president director Pahala N. Mansury said the flight cancellations during the four days of the volcanic eruption did not significantly affect the company’s revenue. The airliner booked revenues of US$3.1 billion in Jan-Sep 2017, up 8.6% year on year (y/y) but it suffered operating loss of US$109.2 billion, against profit US$4.42 billion in Jan-Sep 2016 period. In the third quarter (Q3), however, the airliner’s revenues grew 11.3% to US$1.23 million, most likely due to higher revenues from hajj transportation.
