JAKARTA -- Garuda Indonesia suffered a net loss of $2 billion last year, the airline's top executive told parliament, a figure highlighting the dire financial situation faced by the nation's flagship carrier during the coronavirus pandemic.
The number was revealed in a presentation by CEO Irfan Setiaputra to lawmakers at a parliamentary hearing on Monday. Garuda has yet to officially release full-year results for 2020, but a $2 billion net loss would mark its biggest since 2005, the oldest available data on Quick-Factset.
