GIAA - PT. Garuda Indonesia (Persero) Tbk

Rp 56

-1 (-2,00%)

JAKARTA - IDNFinancials had an exclusive interview with Irfan Setiaputra, President Director of PT Garuda Indonesia (Persero) Tbk (GIIA), during 'Meet The CEO" event last Wednesday (13/11).

In said interview, Setiaputra revealed the ups and downs of pushing Garuda Indonesia through times of adversity during COVID-19 pandemic and exhaustive debt restructuring process.

Post-restructuring, Garuda Indonesia successfully lowered its short-term debts and fixed capital deficiency issues, so that until October 2024, Garuda Indonesia's operating revenue increased 16.12% year-on-year (yoy) from USD 2.4 billion to USD 2.8 billion. (LK/MT/ZH)