Business · Companies · 12 hrs ago
Garuda Indonesia revenue rises 13.2% in first nine months of 2026
Garuda Indonesia Group reported US$2.71 billion in revenue for the first nine months of 2026, a 13.2% increase from the same period a year earlier.
The Indonesian airline group includes Garuda Indonesia and its budget carrier, Citilink.
Non-flight business revenue grew 31.3%, helped by aircraft maintenance and travel-agent services.
Fuel costs rose 42.9%, contributing to a 15.7% increase in total operating costs.
Even so, the Group recorded operating profit of US$97.2 million, while its net loss narrowed 3% to US$179.3 million.
The Group had 106 aircraft ready to fly by September, 24 more than a year earlier, and carried 16.7 million passengers, up from 15.6 million.
Garuda is working to improve efficiency and service reliability as it restores its fleet and develops other businesses, but fuel costs remain a challenge to sustained profitability.
Garuda Indonesia reported consolidated revenue of US$2.71 billion for the first nine months of 2026, up 13.2% year on year.
Revenue from non-aviation businesses rose 31.3% to US$322.8 million, while scheduled flight revenue increased 12.6%.
Fuel costs rose 42.9% year on year, contributing to a 15.7% increase in total operating expenses.
The group had 106 aircraft ready for operation by September 2026, up from 82 a year earlier.
Passenger numbers rose to 16.7 million from 15.6 million in the same period of 2025.
- Who
- PT Garuda Indonesia (Persero) Tbk and its group, including Citilink.
- What
- The group reported consolidated revenue of US$2.71 billion, up 13.2% year on year. It also reported an operating profit of US$97.2 million and a consolidated period loss of US$179.3 million.
- When
- The results covered the first nine months of 2026, through September. They were reported on October 29, 2026.
- Where
- Indonesia. The articles are datelined Jakarta.
- Why
- The articles link revenue growth to scheduled flight services, non-aviation businesses, and recovering operational capacity. They say fuel costs remained a significant pressure.
This story does not have two clearly opposing sides.
Garuda Indonesia Group had 82 aircraft ready for operation and carried 15.6 million passengers.
Group revenue reached US$2.71 billion, passenger numbers rose to 16.7 million, and the fleet reached 106 aircraft ready for operation.
Garuda Indonesia Group had 106 operationally ready aircraft: 64 from Garuda Indonesia and 42 from Citilink.
Garuda Indonesia's nine-month results were reported by Detik and CNBC Indonesia.
- Consolidated revenue
- US$2.71 billion, up 13.2%
- Scheduled flight revenue growth
- 12.6%
- Non-aviation revenue
- US$322.8 million, up 31.3%
- Fuel expense increase
- 42.9%, or US$309.8 million
- Aircraft ready for operation
- 106: 64 Garuda Indonesia and 42 Citilink
- Passengers carried
- 16.7 million, compared with 15.6 million a year earlier
2 sources
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