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GIAA: We Hit Turbulence!

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Algo Research Team

Company | Feb 03, 2023 | Views: 82

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Key Summary:

  • Not only external headwinds, but also internal governance problems
  • The whole industry is on hold, few will survive
  • What is next for Garuda Indonesia?

As the largest archipelagic country in the world with the 4th largest population, Indonesia requires a massive infrastructure for air transportation to connect its islands. To satisfy this need, the country relies on its full-service SOE flag carrier, which is Garuda Indonesia. Normally, an airline company is the pride and joy of a nation, as it acts as the gateway to the country. However, after all these years, Garuda Indonesia is at a critical condition, desperately needing a lifeline. So, is Garuda at the end of the line? Or, will there be a knight in the shining armor reaching out to save this company?  


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