Indonesia’s railway operator records 163.6 mln USD loss in September World

Indonesia’s railway operator records 163.6 mln USD loss in September

State-owned railway operator PT Kereta Api Indonesia (KAI) posted 2.4 trillion IDR (163.6 million USD) loss between January and September, a drastic turn-around from the 1.5 trillion IDR profit booked during the same time last year, as the COVID-19 pandemic continues to put pressure on travel demand.