Flag carrier Garuda Indonesia (GIAA) suffered a loss of US$2.47 billion in 2020, compared to a loss of US$44.5 million in 2019, as revenue dropped 67% year on year (y/y) to US$1.49 billion. Scheduled airline services contributed revenue of US$1.2 billion, dropped 68% y/y, and non-scheduled airline services contributed US$77.2 million revenue, dropping 69% y/y. Other segments contributed US$214 million in revenue, dropping 61% y/y.

To subscribe please click here