Garuda Indonesia (Persero) Tbk PT (GIAA.JK)
18 Jul 2018
Rp. 0.00 (+0.00%)
|Market Cap(Mil.):||Rp. 8,594,343.00|
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
SINGAPORE, May 7 Asian jet fuel buyers are paying the highest premiums for this time of year in 10 years as new and expanded airports in the region push its consumption to new highs.
JAKARTA, May 3 Flag carrier PT Garuda Indonesia posted a smaller net loss in the first quarter and its chief executive said the airline was on track to return to profitability in 2018, depending on the fuel price.
SINGAPORE PT Garuda Indonesia plans to work its fleet harder, increase oil hedging and add more international flights to help return to profit this year, the airline's chief executive said on Thursday.
* Sees 2018 net profit at $8.9 mln vs $26.3 mln loss street view