Airline

GARUDA FULL-YEAR PROFITS TUMBLE BY 40%

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GARUDA FULL-YEAR PROFITS TUMBLE BY 40%

Indonesia’s national airline Garuda posted net profits of 515.50 billion rupiah ($59.2 million) in 2010, a 40% drop on the previous year. Revenue rose 9.4% to 19.5 trillion rupiah and the airline carried 13 million passengers compared to 10.3 million in 2009. The airline, which raised around $500 ...

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