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September 10, 2025Productivity

Comparative Analysis of PT. Garuda Indonesia Tbk's Profitability Performance Before and During the Covid-19 Pandemic

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Profitability decreased significantly during the pandemic years compared to pre-pandemic years.
Gross Profit Margin and Net Profit Margin for Garuda Indonesia were adversely impacted by the pandemic.
Analysis utilized profitability ratios from financial statements over a four-year period.
Company's debt exceeded its assets, resulting in poor net income generation during COVID-19.

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Comparative analysis shows decreased profitability in Garuda Indonesia during the COVID-19 pandemic, indicating financial strain.

Saerang et al. (2023) studied this question.

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