Garuda Indonesia Carries 5.42 Million Passengers in Q1 2026, Net Loss Narrows 45 Percent

JAKARTA, Jakartaweekly.com – PT Garuda Indonesia (Persero) Tbk recorded operational growth and improved financial performance in the first quarter of 2026, supported by stronger passenger traffic and increased flight production capacity across all of the company’s business lines.

From January to March 2026, the Garuda Indonesia Group carried 5.42 million passengers, up 6.76 percent from 5.08 million passengers in the same period last year.

The increase in traffic was also supported by a 5.87 percent rise in flight frequency to 19,337 flights, compared with 18,265 flights in the first quarter of 2025.

In line with the passenger traffic growth, the company’s consolidated operating revenue also increased 5.36 percent to US$762.35 million from US$723.56 million in the same period a year earlier.

Scheduled flights remained the largest revenue contributor, growing 7.36 percent to US$648.10 million from US$603.69 million previously.

On profitability, Garuda Indonesia managed to reduce its net loss by around 45.2 percent to US$41.62 million, compared with a net loss of US$75.93 million in the first quarter of 2025.

President Director Glenny Kairupan said the achievement reflected positive progress in the company’s ongoing efforts to strengthen its operational and business fundamentals.

“The growth in passenger traffic, increased flight capacity, and improved financial performance in the first quarter of 2026 indicate that the company’s transformation and business fundamental strengthening initiatives are gradually showing positive progress,” Glenny said in a statement, Thursday, May 14, 2026.

He added that the company remains focused on maintaining operational discipline, strengthening service reliability, and ensuring healthier and more sustainable business growth.

Garuda Indonesia Group also recorded an improvement in on-time performance (OTP), which rose to 91.01 percent in the first quarter of 2026 from 87.93 percent in the same period last year.

By the end of the first quarter of 2026, the company had operated 102 serviceable aircraft as part of its accelerated return-to-service (RTS) aircraft program to support flight capacity requirements.

Of the total passengers carried, Garuda Indonesia transported 2.47 million passengers, while Citilink served 2.94 million passengers during the period.

According to Glenny, the company will continue focusing on strengthening its business fundamentals through operational excellence, cost discipline, flight network optimization, as well as service transformation and operational digitalization.

“The transformation currently being carried out is a comprehensive rebuilding fundamentals process to ensure that the Garuda Indonesia Group can grow with healthier, more agile, and sustainable business foundations in the long term,” he said.

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