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MarketScreener Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Garuda Indonesia (Persero) Tbk PT    GIAA   ID1000118300

GARUDA INDONESIA (PERSERO) TBK PT

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Garuda Indonesia Persero Tbk PT : Indonesian Airline Brings Musical Concerts Onboard

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01/12/2019 | 09:40am EDT

This file photo from September 28, 2015 shows two Garuda Indonesia aircraft at Jakarta'sSukarno-Hatta airport. AFP

In a scheme aimed at luring more millennial passengers, Indonesian national carrier is bringing music concerts on domestic flights.

The airline "Garuda" said that Singer Abdul performed the first concert onboard during a flight from Jakarta to Denpasar, the German News Agency reported.

Askara Danadiputra, Garuda's CEO, said: "With these live concerts, we hope we can offer a new and exciting experience for our passengers."

"The airline aimed at bringing young Indonesian talents on its aircraft as part of the 'G- Acoustic' initiative," he added.

Garuda recorded losses of $216 million in 2017 and $114 million between January and September 2018. The company's financial situation deteriorated due to an unsuccessful ambitious expansion campaign in recent years.

(c) 2019 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 4 341 M
EBIT 2018 -57,5 M
Net income 2018 -88,5 M
Debt 2018 1 089 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 14,94
EV / Sales 2018 0,49x
EV / Sales 2019 0,42x
Capitalization 1 044 M
Chart GARUDA INDONESIA (PERSERO) TBK PT
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 0,03 $
Spread / Average Target -35%
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Managers
NameTitle
Askhara Danadiputra President & Chief Executive Officer
Agus Santoso President Commissioner
Bambang Adisurya Angkasa Operations Director
Fuad Rizal Director-Finance & Risk Management
Muzaffar Ismail Commissioner
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