Garuda Indonesia in Merger After $1 Billion Loss

Garuda Indonesia, the flag carrier airline, has reported a US$1.09 billion (£820 million) loss for the first 9 months of 2020. Garuda Indonesia to Shed 700 Jobs Last week the Indonesian Government announced plans to form a new holding company for 9 state-owned companies, including Garuda, to create operational efficiencies and to provide more attractiveContinue reading “Garuda Indonesia in Merger After $1 Billion Loss”

Singapore Airlines Retires Planes After Record Loss

Singapore Airlines has reported a record 3rd quarter SG$2.34 billion (£1.3 billion, US$1.74 billion) loss as the pandemic continues to rock the airline industry. Singapore only ran 11% of its normal capacity during September and the hopes of a quick recovery have now faded as the pandemic continues in many key markets while others remainContinue reading “Singapore Airlines Retires Planes After Record Loss”

South East Asia Airlines and Covid

The pandemic has hit all airlines hard, many already had financial issues pre-COVID-19 and the pandemic has made things even worse. In this article we look at the current situation in relation to the biggest airlines based in South East Asia. Follow the link to jump to a specific airline. We have details for AirAsiaContinue reading “South East Asia Airlines and Covid”