Journal of Strategic Behaviour Accounting (JSBA)
Vol. 1 No. 01 (2025): Vol. 01 No. 01 2025

Financial Performance Analysis During and After the Covid-19 Pandemic At Garuda Indonesia Company.

Islahiyatul Asroriyah (Unknown)



Article Info

Publish Date
20 May 2025

Abstract

This study aims to analyze in deh the financial performance of Garuda Indonesia before, during, and after the Covid-19 pandemic by using financial ratios as the main measuring tool. The research method used is a quantitative descriive analysis of financial ratios including liquidity ratios, solvency, profitability, and activities to obtain a comprehensive picture of the 's financial condition. The data used in this study is in the form of the 's annual financial statements from the period 2018 to 2023. The results of the analysis show that Garuda Indonesia financial performance from 2018 to 2023 experienced a sharp decline during the COVID-19 pandemic, namely in 2020 and 2021. The pandemic caused great pressure on the aspects of liquidity, solvency, and profitability. However, as of 2022, there are signs of recovery with gradual improvements in almost all ratios, although not yet fully stable. With this research, this study provides a comprehensive overview of how . Garuda Indonesia, is slowly recovering after facing financial challenges caused by the COVID-19 pandemic.

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Journal Info

Abbrev

jsba

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Journal of Strategic Behavior Accounting (JSBA) focuses on advancing scholarly understanding of how accounting shapes, influences, and interacts with strategic behavior within organizations. The journal aims to provide a platform for high‑quality empirical, conceptual, and case‑based research ...