Garuda Indonesia narrows loss by 3% as revenue rises
The airline group reported an operating profit of US$97.2 million through September 2026, while its operational fleet expanded to 106 aircraft.
Garuda Indonesia Group reported a consolidated loss of US$179.3 million through September 2026, narrowing 3% from the same period a year earlier. Consolidated revenue increased 13.2% year on year to US$2.71 billion.
The group recorded an operating profit of US$97.2 million. Revenue from scheduled flights rose 12.6%, while non-flight business revenue climbed 31.3% to US$322.8 million.
Operational figures also improved, with 106 aircraft ready for service by September, an increase of 24 from a year earlier. The larger available fleet helped lift passenger numbers to 16.7 million, while the number of flights rose 7.9% to 117,868.
The group's on-time performance reached 92.01%, up 5.86 percentage points from the corresponding period a year earlier.
In a statement dated 9 November 2026, president director Thomas Oentoro said a sustained recovery required consistent execution, particularly in balancing revenue growth, productivity and cost efficiency.
Garuda said its transformation would focus on fleet productivity, cost management, strengthening its flight network and modernising products and services. The company also identified fuel cost pressures and changing aviation industry conditions as challenges to restoring profitability.
