Indonesian flagship airlines Garuda set to be profitable again next year, says government prediction

Touching down: A Garuda Indonesia Airbus A330 lands at Sultan Iskandar Muda International Airport in Blang Bintang, Aceh, on July 13, 2021. - AFP

BANGKOK, Sept 25 (Jakarta Post/ANN): Garuda Indonesia can look forward to almost US$400 million in net profit next year and more in the following years, the government forecasts, pointing to a turnaround for the debt-laden national flag carrier.

Following years of hefty losses, the airline operator would achieve $399 million in profit, which would increase to $647 million in 2026, according to the Finance Ministry’s projection.