Garuda relies on cutting costs as a barrier to rising oil prices. from giaa Watch Video
Preview(s):
Gallery
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Description: JAKARTA - PT. Garuda Indonesia Tbk (GIAA) finally posts profit according to the first quarter financial statement. This is the result of the company's more effective cost efficiency program and initiative that adopted by Garuda.nnSince oil prices increased to US$ 67 per barrel,according to Gusti Ngurah, director of Garuda Indonesia, they hedged 50% of the budget.nnHe added
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)