Jakarta – Garuda Indonesia’s financial performance declined in the latest reporting period,with a nearly 30% drop in net profit year-over-year,according to figures released Monday. The Indonesian flag carrier cited an ongoing, extensive aircraft maintenance program as the primary driver of the downturn in revenue and profitability.Despite these challenges, company officials highlighted a consistent quarterly revenue increase throughout 2025, signaling potential improvements as the maintenance phase progresses.
Jakarta –
Garuda Indonesia reported a net profit of $37.93 million, or approximately Rp 632.03 billion (based on an exchange rate of Rp 16,663 per US dollar) for the reporting period, a 29.65% decrease year-over-year.
The Indonesian flag carrier also saw a 10.53% year-over-year decline in total revenue, reaching $842.16 million, equivalent to roughly Rp 14.03 trillion. Company officials attributed the reduced financial performance primarily to an ongoing aircraft maintenance program.
“Overall, total revenue decreased by 10.5% year-on-year, largely due to the maintenance program we are currently undertaking,” said Garuda Indonesia Deputy Director Thomas Sugiarto Oentoro during a hearing with Commission VI of the Indonesian House of Representatives (DPR RI) in Senayan, Jakarta, on Monday, December 1, 2025.
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Oentoro explained that the maintenance program has temporarily reduced Garuda’s operational capacity, leading to lower passenger and cargo volumes, which subsequently impacted revenue.
Passenger revenue fell 11.4% year-over-year to $618.91 million. Cargo revenue also declined, dropping 3.8% to $41.88 million, while unscheduled revenue decreased by 17.20% to $93.71 million.
Other revenue streams remained relatively stable, increasing by 1.48% to $87.65 million. Charter revenue, however, experienced significant growth, rising by 96.3%.
“Our financial performance reflects the impact of our Phase 1 maintenance program, which is currently our primary focus in supporting operational stability. This program indirectly affects operational and net profit due to the reduced availability of serviceable aircraft,” Oentoro stated.
Despite the pressures on performance, the company noted a quarterly revenue trend of improvement throughout 2025. In the first quarter of 2025, Garuda Indonesia reported revenue of Rp 723 million.
Revenue rebounded to Rp 824 million in the second quarter, and continued to improve in the third quarter, reaching Rp 842 million.
Garuda Indonesia’s Director of Technical Operations, Mukhtaris, reported on fleet readiness. As of November 2025, the company operates 58 aircraft, comprising 19 wide-body and 39 narrow-body planes.
Citilink, a subsidiary of Garuda Indonesia, operates a fleet of 32 narrow-body aircraft. This brings the total Garuda Indonesia Group fleet to 90 aircraft.
“Citilink’s fleet has grown from 21 aircraft in July to 32 currently. This is the result of a collective effort by the technical, operational, and supporting teams to ensure the highest levels of safety standards are maintained,” Mukhtaris said.
(shc/hns)
