Garuda Indonesia's Operational Performance Strengthens in Q1-2026, Revenue Rises 5.36%

PT Garuda Indonesia (Persero) Tbk recorded an improvement in performance in the first quarter of 2026. The company’s net loss decreased significantly in line with the strengthening of operational performance within the transformation focus being implemented by the company.

Garuda Indonesia’s President Director, Glenny Kairupan, explained that consolidated revenue was recorded at US$762.35 million, growing 5.36% compared to the same period last year.

“This growth is supported by an increase in passenger demand, yield improvements, and positive revenue trends,” said Glenny, quoted from the company’s official report on Wednesday, 22 April 2026.

He elaborated that in terms of operational profitability, segment operating profit increased sharply to US$49.13 million, compared to US$5.20 million in Q1/2025. In line with that, the net loss fell to US$41.62 million, a 45.19% reduction year-on-year.

In his previous statement regarding the Full Year 2025 performance, Glenny stated that with the continuation of production tool optimisation steps, the number of operational aircraft in the Group increased to at least 99 units by the end of 2025, from around 84 units in the middle of the same year.

On the other hand, the performance of subsidiary GMF AeroAsia also recorded positive contributions throughout 2025, booking revenue of US$491.9 million or 16.8% growth year-on-year, with company profit increasing 26.3% to US$33.9 million. On the balance sheet side, total assets rose significantly to US$813 million, while the capital structure turned positive with equity reaching US$114.6 million.

Then, during the peak Lebaran period, Citilink recorded the highest daily passenger volume in history, reaching around 48,000 passengers. This achievement underscores the increased capacity utilisation post-fleet reactivation and the Group’s ability to capture demand surges based on seasonality.

Looking ahead, through consistent transformation execution, shareholder support, and strengthening of strategic global partnerships, Garuda Indonesia is optimistic about accelerating steps towards a more solid turnaround phase, while reinforcing its role as a competitive national flag carrier, adaptive to global aviation industry dynamics, and capable of delivering its best contributions to the nation and state.