Garuda Indonesia (Persero) Tbk PT (GIAA.JK)
Rp. -16.00 (-6.72%)
|Market Cap(Mil.):||Rp. 5,177,316.00|
JAKARTA Sept 12 The new boss of Indonesia's Garuda has abandoned the state-owned airline's hopes of making a profit this year, saying he aimed to keep losses to less than $100 million despite rising fuel prices and a weaker rupiah.
Sept 12 Indonesian state airline Garuda named I Gusti Ngurah Askhara Danadiputra as its new chief executive at a shareholder meeting on Wednesday, two sources told Reuters.
JAKARTA Pilots at Indonesian flag carrier Garuda have agreed not to go on strike, Chief Executive Pahala Mansury said on Friday, easing pressure on the airline's earnings at a time when oil prices are surging.
* Garuda targets to break even in 2018, despite higher oil prices