Garuda Indonesia cancels int'l expansion plans amid loss
6 Aug 2014 06:22:16
Publicly listed national flag carrier Garuda Indonesia is canceling this year's plans to open two new international routes "” Jakarta"“Manila and Jakarta"“Mumbai "” as the company suffered from increasing losses during the first half of this year, a Garuda senior executive said.
As previously reported, the state-owned enterprise recorded a loss of US$211 million from January to June, almost 20 times greater than a $10.92 million loss booked in the same period last year.
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