{
    "success": true,
    "data": {
        "id": 1642082,
        "msgid": "early-2026-to-be-turning-point-for-garuda-danantara-performance-starting-to-improve-1774799477",
        "date": "2026-03-29 22:23:52",
        "title": "Early 2026 to Be Turning Point for Garuda, Danantara: Performance Starting to Improve",
        "author": "Nur Jamal Shaid",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "Indonesia's Investment Management Agency Danantara has indicated that improvements in PT Garuda Indonesia's performance will become evident in early 2026, following a capital injection at the end of 2025. The airline reported a net loss of US$319.39 million for 2025, but its subsidiary Citilink has shown positive results in the first quarter of 2026, signalling the beginning of group recovery. The Rp 23.67 trillion infusion, with a significant portion allocated to Citilink's operations, is expected to strengthen the company's business transformation amid ongoing fleet optimisation efforts.",
        "content": "<p>JAKARTA \u2013 The Investment Management Agency (BPI) Danantara has stated\nthat improvements in the performance of PT Garuda Indonesia Tbk (GIAA)\nwill begin to appear in early 2026, in line with the impact of\ninterventions in the form of capital injections carried out at the end\nof the previous year.<\/p>\n<p>Danantara\u2019s Chief Operating Officer (COO) and Head of SOE Investment\nManagement Agency Dony Oskaria said that the pressures still reflected\nin the 2025 financial reports represent the condition before the\nintervention was implemented.<\/p>\n<p>\u201cThe problems currently recorded are the performance for 2025.\nMeanwhile, the intervention we carried out only took effect at the end\nof the year. The impact will be seen in the first and second quarters of\n2026,\u201d Dony said in Jakarta on Sunday (29\/3\/2026), as quoted from\nAntara.<\/p>\n<p>In addition, the aircraft maintenance process, or maintenance,\nrepair, and overhaul (MRO), also requires a long time, thus limiting\nfleet optimisation.<\/p>\n<p>\u201cBefore the intervention, the number of grounded aircraft was quite\nlarge. Now, some have returned to operation, although not fully yet,\u201d he\nsaid.<\/p>\n<p>Nevertheless, Dony emphasised that signals of improvement are\nstarting to appear in 2026. He noted that the performance of Garuda\u2019s\nsubsidiary, Citilink, has recorded positive results in the first quarter\nof 2026, which serves as an initial indication of the group\u2019s\nrecovery.<\/p>\n<p>Garuda Indonesia itself still recorded performance pressures with a\nnet loss of US$319.39 million throughout 2025.<\/p>\n<p>Previously, Garuda Indonesia\u2019s President Director Glenny H. Kairupan\nstated that the additional capital of Rp 23.67 trillion from PT\nDanantara Asset Management (DAM) serves as a crucial boost in\nstrengthening the company\u2019s business transformation.<\/p>\n<p>Meanwhile, Rp 14.9 trillion or 63 percent was used to strengthen\nCitilink\u2019s operations, including the settlement of fuel obligations to\nPertamina for the 2019\u20132021 period.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/early-2026-to-be-turning-point-for-garuda-danantara-performance-starting-to-improve-1774799477",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}