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GMFI IDR 79 -1.00 Updated : 23 Oct 2020 16:19
PT Garuda Maintenance Facility Aero Asia Tbk (‘’GMF’’, ‘’ticker code of GMFI’’) held an online Public Expose 2020 on September 28th, 2020
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Turbulence in the aviation world greatly affected the company's financial performance during the 1st semester. GMFI's revenue decreased by 35% in the same period last year. It was influenced by the decline in flight hours-based revenue, the postponement in maintenance schedules due to suboptimal aircraft operations, and the decrease of international customer's absorption due to restrictions policy on the access to/from abroad due to the COVID 19 pandemic.