Garuda Airlines: From Turbulent Times to Triumph

Garuda Indonesia, once a struggling airline nearing bankruptcy, faced numerous challenges including financial mismanagement, safety issues, and public relations disasters. Despite being a state-owned company with a monopoly, it suffered from corruption and poor customer service. The Asian financial crisis further exacerbated its problems, leading to significant debt. However, leadership changes and strategic decisions helped Garuda recover and regain its status as Indonesia's national pride.

Explain the significance of the 2001 September events for Garuda.

What were the financial losses reported by Garuda in the first half of 1997?

What role did the Indonesian government play in Garuda's operations?

How did Garuda's lack of competition contribute to its crisis?