PT Garuda Indonesia (Persero) Tbk recorded a net loss of US$319.39\nmillion, equivalent to approximately Rp 5.4 trillion, in 2025. This loss\nexpanded compared to the previous year, which stood at US$69.77 million\nor around Rp 1.18 trillion.<\/p>\n
Garuda reported consolidated operating revenue of US$3.22 billion.\nThis figure declined by 5.9 per cent from the previous year.<\/p>\n
Garuda Indonesia\u2019s President Director, Glenny Kairupan, stated that\nthe company\u2019s loss in GIAA this year was caused by exchange rate\nfluctuations, as well as an increase in fixed costs in line with the\nintensity of the fleet service recovery programme, which has yet to\nresume operations.<\/p>\n
\u2018It cannot be denied that the decline in performance of the Garuda\nIndonesia Group was mainly influenced by limited production capacity in\nthe first semester of 2025, where the number of unserviceable aircraft\nwas still awaiting scheduled maintenance,\u2019 said Glenny in a written\nstatement, quoted on Friday, 20 March 2026.<\/p>\n
According to Glenny, Garuda continues to maximise the number of\nserviceable aircraft by the end of 2025 to at least 99 aircraft, up from\naround 84 aircraft as of June 2025. Meanwhile, the total number of\naircraft not yet in service at the end of 2025 is 43 planes, which are\ncurrently in the process of completing fleet maintenance.<\/p>\n
The limited production capacity impacted a decline in passenger\nnumbers. GIAA recorded 21.2 million passengers in 2025. This figure fell\nby 10.5 per cent compared to the previous year.<\/p>\n
\u2018Furthermore, the trend of performance pressure on Garuda Indonesia\nin the 2025 fiscal year was also influenced by a decline in passenger\nyield, rupiah exchange rate pressures, and global aviation industry\nsupply chain challenges that affected costs and maintenance processes,\u2019\nsaid Glenny.<\/p>\n
He stated that with progress in fleet recovery and consistent\nimplementation of transformation, Garuda Indonesia is optimistic that\nproduction capacity and operational performance will improve gradually\ntowards a more solid recovery phase.<\/p>\n
In 2025, GIAA received a capital injection of Rp 23.67 trillion from\nPT Danantara Asset Management. Glenny said this injection enabled the\ncompany to record an improvement in its equity position, returning to\npositive. By the end of 2025, GIAA\u2019s equity increased to US$91.9 million\nfrom the previous year\u2019s negative US$1.35 billion.<\/p>\n
Glenny explained that the capital injection from Danantara is\nintended to support the acceleration of the fleet maintenance and\nreactivation programme, as well as the settlement of Citilink\u2019s\nobligations to Pertamina. Of the total support, 64 per cent or around Rp\n15 trillion was allocated to Citilink.<\/p>\n
Meanwhile, Garuda Indonesia received a total allocation of Rp 8.7\ntrillion for fleet maintenance needs, which is still ongoing and\ncontinues to be optimised until the end of 2026.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/why-garuda-recorded-a-loss-of-rp-5-4-trillion-in-2025-1774007472", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }