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Why is GIAA down ၈.၃၃%?
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GIAA:IDX
Garuda Indonesia (Persero) Tbk PT
၄၄.၀၀ IDR
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-၈.၃၃%(-၄.၀၀) 1D
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Garuda Indonesia is the flag carrier of Indonesia, headquartered at Soekarno–Hatta International Airport near Jakarta. A successor of KLM Interinsulair Bedrijf, it is a member of SkyTeam airline alliance, operating scheduled flights to a number of destinations across Asia, Europe, and Australia from its hubs, focus cities, as well as other cities for Hajj.
At its peak from the late 1980s to the mid 1990s, Garuda operated an extensive network of flights all over the world, with regularly scheduled services to Adelaide, Cairo, Fukuoka, Los Angeles, Paris, Rome, and other cities in Europe, Australia and Asia. In the late 1990s and early 2000s, a series of financial and operational difficulties hit the airline hard, causing it to drastically cut back services. In 2009, the airline undertook a five-year modernization plan known as the Quantum Leap, which overhauled the airline's brand, livery, logo and uniforms, as well as acquiring a newer, more modern fleet and facilities and renewing focus on international markets.
In June 2022, an Indonesian court approved Garuda Indonesia’s restructuring of more than US$9 billion of debt. The group reported a net loss of US$319.39 million in 2025. Wikipedia
About Garuda Indonesia (Persero) Tbk PT
CEOGlenny Kairupan
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Websitegaruda-indonesia.com