Shares of flag carrier Garuda Indonesia (GIAA) lost 1.61% to Rp244 on Thursday last week (July 30) as the airliner turned to loss for the first half (H1) of 2020 due to a drop in revenue and loss from operations. Finance cost also rose. Year to date, GIAA has fallen 50.6% but regained 62.6% from its lowest at Rp150 on March 23, 2020. At the current price, GIAA has a market capitalization of Rp6.3 trillion.
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