Garuda domestic market share slips in 2020

Embattled Garuda Indonesia saw its domestic market share erode in 2020, as full-year traffic tumbled significantly amid the coronavirus pandemic. The airline — now subject to restructuring efforts — saw domestic market share drop 9.34 percentage points year on year to nearly 21%. Its low-cost unit Citilink increased domestic market share marginally, at nearly 1.3 percentage points to 14.4%. Taken together, the Garuda group captured 35.4% market share among domestic carriers, an 8-percentage point decline year on year. Garuda disclosed the figures in its annual report, released days after it put out its financial results for the year ended 31 December 2020, where it plunged to a record $2.2b operating loss. Underscoring the devastating effect the pandemic has had on the troubled airline group, both Garuda and Citilink saw passenger numbers across international and domestic networks plunge 66% year on year, to 10.8m. Garuda carried just 4.5m domestic passengers for the year, representing a 71% decline, while its international passenger numbers plummeted nearly 82% to just 770,000. Citilink, meanwhile, carried 5.5m passengers in 2020, a 55% decrease year on year. <br/>