Transportation
Garuda Indonesia Loss Widens as Scheduled Airline Sales Slip
An aircraft at PT Garuda Indonesia's maintenance hangar at Soekarno-Hatta International Airport in Tangerang, Indonesia.
Photographer: Dimas Ardian/BloombergFlag carrier PT Garuda Indonesia posted a wider net loss last year as revenue from scheduled airline services weakened and costs in some areas rose.
The net loss widened to $323 million from $72.7 million the previous year, according to its financial report. Revenue fell by 5.9% to $3.22 billion.