Garuda Indonesia racks up $2.4bn loss

National carrier's operational continuity is questioned by auditors

20210716 Garuda

Garuda Indonesia's net loss ballooned to $2.4 billion in 2020. © AFP/Jiji

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Garuda Indonesia posted a net loss of $2.4 billion in 2020, with its auditor raising concerns over the continuity of the Southeast Asian country's flagship airline.

The net loss is Garuda's biggest since at least 2005, the oldest available data on Quick-Factset, and marks a staggering increase from the $38.9 million loss it reported the previous year.

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