July 15, 2020, 07.53 PM

Looming bankruptcy

On July 7, Irfan admitted that the possibility of bankruptcy loomed above Indonesia’s airline industry.

Although the coronavirus pandemic has opened up the possibility for the company to offer lower ticket prices, the measure would only add more burden to Garuda Indonesia.

Irfan believes that there is a possibility for Garuda Indonesia to declare bankruptcy if it lowers ticket prices despite understanding the need for marketing promotions to entice travelers such as cheaper flights.

Nevertheless, Irfan finds that the effort is difficult for Garuda Indonesia to implement given the tough economic climate during the coronavirus pandemic. 

(Writer: Jawahir Gustav Rizal | Editor: Virdita Rizki Ratriani) 

Source: https://www.kompas.com/tren/read/2020/07/15/125412965/sejumlah-masalah-melilit-garuda-utang-rp-319-triliun-dan-400-karyawan

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