Garuda Indonesia (GIAA) Records Increase in Passenger Numbers
JAKARTA – PT Garuda Indonesia (Persero) Tbk (GIAA) recorded growth in operational performance and improvements in financial results in the first quarter of 2026, in line with strengthened passenger traffic and increased flight production capacity across all company operations.
Throughout the January–March 2026 period, the Garuda Indonesia Group successfully transported 5.42 million passengers, a 6.76% increase compared to the same period the previous year of 5.08 million passengers. This traffic growth was also supported by a 5.87% increase in flight frequency to 19,337 flights compared to 18,265 flights in the first quarter of 2025.
This traffic growth also drove a 5.36% increase in the company’s consolidated business revenue to US$762.35 million compared to US$723.56 million in the same period the previous year. Scheduled flight revenue became the main contributor with a 7.36% growth to US$648.10 million compared to US$603.69 million in the first quarter of 2025.
In addition to recording revenue growth, the company also succeeded in reducing net losses by around 45.2% to US$41.62 million compared to a net loss of US$75.93 million in the same period the previous year.
President Director Glenny Kairupan stated that the performance achievements in the first quarter of 2026 serve as a positive signal for the consistency of the ongoing process of strengthening operational and business fundamentals, which the company is implementing gradually.
“Passenger traffic growth, increased flight capacity, and financial performance improvements in the first quarter of 2026 indicate that the transformation steps and business fundamental strengthening carried out by the company are beginning to show positive progress gradually. Our current focus remains directed at maintaining operational discipline, strengthening service reliability, and ensuring business growth runs in a healthier and more sustainable manner,” said Glenny in an official statement on Wednesday (13/5/2026).
Furthermore, the Garuda Indonesia Group also recorded an improvement in on-time performance (OTP) to 91.01% in the first quarter of 2026 compared to 87.93% in the same period the previous year.
On the fleet operations side, by the end of the first quarter of 2026, the company succeeded in operating up to 102 serviceable aircraft as part of the acceleration of the return-to-service (RTS) aircraft programme, which is currently being implemented gradually to support flight capacity needs. During that period, Garuda Indonesia transported 2.47 million passengers, while Citilink transported 2.94 million passengers.
According to Glenny, the company’s main focus at present remains directed at strengthening business fundamentals through improvements in operational excellence, cost discipline, strengthening service reliability, optimisation of flight networks, and sustainable service transformation and operational digitalisation.
“The transformation currently being carried out is a comprehensive rebuilding of fundamentals process to ensure that the Garuda Indonesia Group can grow with a healthier, more agile, and sustainable business foundation in the long term. With this new management structure, it is hoped that it will support the company’s acceleration steps towards a more solid turnaround phase, and position Garuda Indonesia as a competitive national flag carrier that brings its best contributions to the nation and state,” Glenny concluded.