Garuda Indonesia Group Carries 5.42 Million Passengers in First Quarter of 2026
JAKARTA, KOMPAS.com - PT Garuda Indonesia (Persero) Tbk (GIAA) recorded growth in operational performance and improvements in financial performance in the first quarter of 2026.
This is in line with the strengthening of passenger traffic and an increase in flight production capacity across all operational lines of the company.
From January to March 2026, the Garuda Indonesia Group carried 5.42 million passengers. This figure grew by 6.76% compared to the same period the previous year, which was 5.08 million passengers.
This traffic growth also drove an increase in the company’s consolidated business revenue by 5.36% to US$762.35 million compared to the same period the previous year of US$723.56 million.
Scheduled flight revenue became the main contributor with growth of 7.36% 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 the net loss for the same period the previous year of US$75.93 million.
“Passenger traffic growth, increased flight capacity, and financial performance improvements in the first quarter of 2026 show that the transformation steps and business fundamentals strengthening carried out by the company are starting 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).
The Garuda Indonesia Group also recorded an improvement in flight on-time performance (OTP) to 91.01% in the first quarter of 2026 compared to 87.93% in the same period the previous year.
From 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 carried out gradually to support flight capacity needs.
According to Glenny, the company’s main focus at present is directed towards strengthening business fundamentals through improving operational excellence, cost discipline, strengthening service reliability, optimising flight networks, and transforming services and operational digitalisation on an ongoing basis.
“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,” said Glenny.
Meanwhile, the company held the Annual General Meeting of Shareholders (AGMS) for the 2025 fiscal year on Wednesday (13/5/2026).