Garuda Indonesia Group's Transformation Programme Drives 13.2% Revenue Growth to US$2.71 Billion Amid High Jet Fuel Prices
Indonesia, Nov. 2 -- PT Garuda Indonesia (Persero) Tbk (GIAA) reported a 13.2% year-on-year increase in revenue to US$2.71 billion for the first nine months of 2026, supported by stronger contributions from its core airline operations and a 31.3% rise in non-airline business revenue. The performance reflects the Group's expanding revenue base and continued transformation progress, despite persistent pressure from elevated jet fuel prices. Revenue from scheduled airline services increased 12.6% year-on-year, contributing an additional US$233.2 million, while non-scheduled services grew 2.1%, adding US$6.3 million. Non-airline businesses recorded a US$77.0 million revenue increase, accounting for approximately 24.3% of the Group's total rev...
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