PT Garuda Research Articles

The Influence Of Workload, Work Conflict And Work Stress on the Performance Of Sprinter Employees at PT Garuda Express Nusantara in Pekanbaru

The progress of a company is very dependent on the human resources it has. Although the various factors needed are available, without the role of humans in it, the company will not be able to operate properly. The quality of employee performance is the main factor and determinant of the success of a company. An employee who has qualified abilities and can act well in certain situations and conditions is an achievement for employee performance. The main benchmark in evaluating the performance of an employee is the ability he/she has. How an employee can accept the workload, understand work conflicts and deal with work stress that is experienced, can indicate the high or low quality of employee performance. The respondents in this study were employees of the sprinter department (courier) at PT Garuda Express Nusantara (J&T Express) Pekanbaru, which was located on Harapan Raya Street. The population in this study was 240 employees and the entire population was sampled using a saturated sampling technique. The analysis technique used was descriptive quantitative. The results of the study conclude that workload, work conflict, and work stress influences the performance of sprinter employees at PT Garuda Express Nusantara (J&T Express) Pekanbaru with an Adjusted R Square value (Coefficient of Determination) of 0.858. It means that the influence of the independent variable (X) namely workload, work conflict, and work stress affects the dependent variable (Y), namely employee performance of 85.8%. Meanwhile, the remaining 14.2% is influenced by other variables which not included in this study

PENGARUH LOCUS OF CONTROL DAN PERILAKU INOVATIF TERHADAP WORK ENGAGEMENT MELALUI SELF-EFFICACY

This study aims to examine and examine the effect of Locus of Control and Innovative Behavior on Work Engagement through Self-efficacy Mediation. Locus of Control and Innovative Behavior as exogenous variables, Self-efficacy as mediating variables and Work Engagement as endogenous variables. This research was conducted on employees of PT Garuda Maintenance Facility Aero Asia Cengkareng Engineering Services section with the Non Probabilty Sampling method totaling 150 respondents. The analytical method used is Structural Equation Model-Partial Least Square (SEM-PLS). The results of this study prove that Locus of Control has an effect on Work Engagement, Innovative Behavior has an effect on Work Engagement, Self-efficacy has an effect on Work Engagement, Locus of Control has an effect on Self-efficacy, Innovative Behavior has an effect on Self-efficacy, Locus of Control has an effect on Work Engagement through Self-efficacy and Innovative Behavior has an effect on Work Engagement through Self-efficacy.

Analisa Kinerja Keuangan PT Garuda Indonesia (TBK) Sebagai Langkah Awal Identifikasi Permasalahan

PT Garuda Indonesia is a state-owned company that has recently experienced complex problems. Prolonged problems put PT Garuda's condition on the verge of bankruptcy. This research was conducted using 2 financial statements, namely the Financial Position Statement (Balance Sheet) and the Financial Statement of Profit and Loss for the Period 2019 and 2020. Based on the financial position report (balance sheet), it shows that starting from Q4 2019, there has been a negative recording of equity, this means that the amount of loans exceeds the amount of owned capital, with a significant increase in long-term loans. The income statement shows that in 2019 starting from the 2nd quarter there has been a decrease in profit after tax, even in Q1 of 2020, it has been recorded that the company has a loss. Restrictions on mobility and activities due to the Covid-19 pandemic have caused the company's revenue to decline. In 2019-2020, there began to be signs of financial problems detected from the balance sheet financial statements and income statements. Furthermore, alternative solutions related to debt restructuring and also company restructuring and also comparative analysis with similar industries that have experienced relatively similar problems were proposed.

Implementasi Metode Z-Score Altman, Zmijewski dan Grover Dalam Memprediksi Financial Distress PT Garuda Indonesia (Persero) Tbk. Periode 2017-2020

This study aims to predict the financial distress condition of PT Garuda Indonesia (Persero) Tbk in the 2017-2020 period by implementing the Altman, Zmijewski and Grover Z-Score method. This research is descriptive with qualitative data analysis. The results of this study PT Garuda Indonesia (Persero) Tbk. obtaining poor results, the three methods used include the Altman Z-Score, Zmijewski and Grover methods showing the same results that the company is in financial distress or is in serious financial difficulty and is in danger of causing bankruptcy in the 2017- 2020 period. Of course this is for the management of the company a special concern to improve the condition of the company in a better direction such as improving the financial condition of the utilization of assets owned by PT Garuda Indonesia (Persero) Tbk.

Fraud Triangle Analysis in Detecting Potential Fraud in Financial Statements

This studied aims to analyze fraudtriangle to potential fraudulent financial statement. Ffraudtriangle in this studied presure that proxieed by financial tarjet, finanecial need, external pressure, oportunity thats proxied by nature of industrie and inefective monitoring and rationalization thats proxied by auditor chanjes. This studied use F-score to investigation the potencial of fraudulent fiancial statements.The Populations in0this studied PT Garuda Indonesia list on the Indonesian Stock Exchanges 2017-2019. The studied use the multiples regresions for the analyss. The resulsts how thats only oportunity that proxied by inefective monitoring, nature of industrie, financial need and rationalization proved has significanta effects to the potencials of fraudulent financial statements. Meanwhile, financial tarjet and eksternal presure has no significants effects to fraudulent financial statements.

Analisis Kinerja Dan Posisi Keuangan Pt Garuda Indonesia Tbk Berdasarkan Indikator Rasio Keuangan, Tingkat Kesehatan Dan Prediksi Keuangan

The purpose of this study was to determine the level of health in the Financial Aspects of the state-owned company PT Garuda Indonesia (Persero) Tbk for the period 2017, 2018 and 2019 using financial ratios based on the Decree of the Minister of SOEs No. KEP-100/KBU/2002 dated June 4, 2002 concerning Assessment of the Health Level of State-Owned Enterprises and analysis of potential bankruptcy using the Altman Z-Score model. The method used in this study is a comparative descriptive quantitative method using a secondary data analysis approach sourced from the consolidated financial statements of PT Garuda Indonesia Tbk. The results showed that the Company's Health Level was measured by the criteria according to the Decree of the Minister of SOEs No. KEP-100/KBU/2002, 2017, 2018 and 2019 respectively, can be classified as Unhealthy in the "BBB" category, because the score is in the range 50 < TS <= 65, and the potential for bankruptcy based on the Altman Z-Score analysis shows PT Garuda Tbk Indonesia during 2017, 2018 and 2019 was in the Distress Zone because it obtained a score of <1.1 or it can be said that the company has a strong potential for bankruptcy.
 Keywords: Health Level, Bankruptcy Potential, Decree of the Minister of SOEs No. 100/MBU/2002, Altman Z-score.

Proses Komunikasi PT Garuda Branch Office Padang Dalam Sosialisasi Protokol Kesehatan Di Lingkungan Kerja

The communication process when implementing new normal can be interpreted as the sequence of events that occur when an individual conveys a message to another individual about implementing new habits in the middle of the work environment. New normal is a change in behaviors or habits to keep carrying out activities as usual but by always applying health protocols in the midst of the COVID-19 pandemic. The new habits areto use a mask, social distancing, always wash hands and avoid crowds. In the communication process, socialization is needed as a first step to introduce new normal policies. Socialization is done by people, groups, intitutions, who teach others things that must be known in order to become new guidelines. Socialization about the new normal is a form of solution for the efforts of the employees from PT Garuda to be wiser in implementing the new normal health protocol, also be able to develop curiosity and comply with the enactment of new work regulations. The current COVID-19 pandemic requires every company to be more active in socialization and preventive health measures to protect the employees from the COVID-19 transmission chain. In this study, researcher used five informants which were divided into key informats, consisting of general managers, marketing & sales executives, Garuda Branch Office Padang ticketing, and supporting informants, consisting of OB and security. The method used in this study is a qualitative method with Laswell‘s approach theory. The results of this study is that the communication process in the application of new normal un the work environment using WA media groups and email blast and supported by interpersonal communication to all employees.

PENERAPAN MODEL ALTMAN (Z-SCORE) UNTUK MENGUKUR POTENSI FINANCIAL DISTRESS PERUSAHAAN MASKAPAI PENERBANGAN SEBAGAI DAMPAK PANDEMI COVID-19

The purpose of the study is to measuring potential financial distress in airlines as the impact of the covid-19 pandemic by applying the altman model ( Z Score ). This study is a descriptive quantitative will analyze the potential for financial distress of airlines companies listed on the IDX, the method used in this study is the altman Z-Scroe as a bankcruptcy prediction tool. The data used in this study is secondary data in the form of financial reports and annual reports of PT Garuda Indonesia Tbk (GIAA), PT AirAsia Indonesia Tbk (CMPP), PT Indonesia Transport & Infrastructure Tbk (IATA), and PT Jaya Trishindo Tbk (HELI) period 2020 and 2021 Quarter III. The result of the study can be concluded that based of the results of the calculation of banckruptcy prediction with altman Z score models that has been carried out on each of the airlines sector companies that are the sample, the classification of the bankruptcy predictions shows the results are indications of banckruptcy.

Analysis of Violations of Corporate Governance Principles in Smuggling Cases of Garuda Indonesia

This study aims to analyze the violation of corporate governance principles in the smuggling case of a Harley Davidson motorcycle and two Brompton bicycles on the new Airbus A330-900 by the President Director of PT Garuda Indonesia and four other boards of directors involved in supporting it. The type of research used is qualitative research with a descriptive research design. This study focuses on analyzing an object by studying it as a case intensively. This research uses the data analysis method content analysis approach with the study documentation collection method. Research data sources were obtained from secondary data, namely by searching for previous research, the internet, financial reports from PT Garuda Indonesia, and several other reliable sources. It can be seen from this study that the smuggling act by the former president director of PT Garuda Indonesia violated the five principles of good corporate governance.” The five principles are transparency, accountability, responsibility, independence, and fairness. These five principles must be used as guidelines for companies in carrying out their performance so that companies can operate efficiently and effectively and compete well in the market.

PENGARUH FEE AUDIT, AUDIT TENURE, ROTASI AUDIT DAN UKURAN PERUSAHAAN TERHADAP KUALITAS AUDIT

This research is based on both recent and current phenomena regarding audit quality, one of the phenomena that has become of interest in conducting this research such as the previous cases, namely the Enron case and the latest one as experienced by PT Garuda Indonesia. affect audit quality. . The purpose of this study is to examine the effect of audit fees, audit tenure, audit rotation and company size on audit quality and to develop a theory of planned behavior that contributes to the independent variables. The population in this study are all Manufacturing Companies in the Multi-Industrial Sector and Companies in the Property, Housing & Construction Sector listed on the Indonesia Stock Exchange for the 2018-2020 period. The sampling technique used is purposive sampling method and obtained as many as 129 data samples. The analytical method used is Logistic Regression (Logistics Regression). The results showed that audit fees had a positive and significant effect on audit quality, while audit tenure, audit rotation and firm size had a positive but not significant effect on audit quality

RESTATEMENT OF PT GARUDA INDONESIA’S FINANCIAL STATEMENTS IS CONSERVATIVE?

This research is a case study research at PT Garuda Indonesia Tbk (PT GIAA). The motivation for conducting the research was the existence of PT GIAA's fi-nancial reporting in 2018 which revealed a significant increase in profit which required PT GIAA to restate its financial statements in 2019. The analysis used was descriptive and quantitative analysis. The restatement of the financial state-ments has an impact on changes in reported earnings, namely there are losses, adjustments to accounts also cause some changes in the amounts recognized in the financial statements. On this basis, a quantitative analysis was carried out to determine the level of conservatism in the restatement of PT GIAA's financial statements. Based on accrual conservatism, the company still applies conserva-tism principles but in the restatement period of financial reporting in 2018 the level of conservatism decreased. Based on market conservatism, the market value of the company's shares is lower than its book value, this indicates that the company is aggressive in determining book value. Even the average stock return each year is negative and a sharp decline occurred during the restatement of fi-nancial statements. This indicates that market confidence decreases when the company restatement its financial statements.

The Business Strategy of the Indonesian Air Transportation Sector During the COVID-19 Pandemic

The purpose of this study was to examine the airline industry’s business strategy during the COVID-19 pandemic. This investigation focused on PT Garuda Indonesia. A qualitative approach was used, and the research was descriptive in nature. Data were collected through in-depth interviews with key informants and Garuda Indonesia service users, such as the Senior Manager for Operations and Engineering, Garuda Indonesia ticket sales customer service officers, airport officers, PT Garuda employees, and Garuda Indonesia plane passengers. The data were analyzed using the SWOT method. According to the findings, during the COVID-19 pandemic, PT Garuda Indonesia implemented several business strategies, including providing safe and comfortable facilities for Garuda Indonesia airline passengers by implementing strict health procedures, and expanding the cargo service business through freight forwarding services. Sponsors of other companies who wanted to promote their products on Garuda planes could use the digital KIRIM AJA. It can be concluded that PT Garuda Indonesia is acutely aware of the COVID-19 pandemic’s impact on its business continuity and has been attempting to implement various strategies to survive the pandemic by first assessing the company’s strengths and weaknesses, as well as the opportunities and challenges it faces.
 Keywords: air transportation, COVID-19, business strategy, SWOT analysis

Perhitungan faktor utilitas baterai pesawat dengan menggunakan metode sistem dinamis untuk mengukur tingkat ketersediaan baterai

The role of the aircraft maintenance industry as an aircraft maintenance service which is expected to be able to maintain the survival of the aircraft itself. For example, PT GMF Aero Asia is one of the Strategic Business Units (SBU) owned by PT Garuda Indonesia which is specialized in aircraft maintenance, repair and overhaul services which include aircraft frames, engines, components and their support. In this study, a quantitative assessment of the availability and capability of maintenance facilities was carried out using a preventive maintenance method with a dynamic system model approach that describes the level of availability and maintenance capability of aircraft batteries. Calculations have been made with a computer program, POWERSIM, in actual conditions that in December 2020 the total number of batteries in maintenance was 102 batteries for Airbus types and 80 batteries for Airbus types. With the assumption that starting in 2021 there will be an increase in the number of aircraft by 1 (one) unit per month, then at the end of the study period until July 2021 the calculation of the utility factor will be as follows, the total utility factor for Boeing is still below 1, while for Airbus starting April 2021 the utility factor is above 1. So that the operator's ability to handle Airbus type battery maintenance is not sufficient. For this purpose, an alternative scenario needs to be created, namely scenario 1 by adding one operator per shift and scenario 2 by increasing the operator's workload in handling the number of batteries handled to as many as 6 battery units. The results of the calculation of the utility factor show that in both conditions the scenario gives a value below 1. The best choice in terms of simplicity in handling the number of operators, then the choice of condition scenario 2 is the best choice.

Analisis Fraud Pentagon terhadap 4 Perusahaan yang Terdeteksi Melakukan Kecurangan Laporan Keuangan

The company will have a good quality of financial reports if the company have 5 qualitative characteristics of financial statements, namely: relevant, comparable, reliable, and understandable. The quality of company’s financial statements will decrease if it doesn’t have these characteristics. With poor quality financial statements, there’s the possibility of fraudulent financial statement. Financial statement fraud is an action taken by changing material value in the financial statements, so it doesn’t show the company’s actual conditions. This study aims to prove that the fraud pentagon theory is able to detect fraudulent financial statements by applying it to 4 cases of companies that were detected to commit fraudulent financial statements in Indonesia. This study uses 12 indicators with a qualitative research using case studies, descriptive and comparative analysis. The object of the research is annual report of company under study. The selected cases of fraudulent financial statement are PT Tiga Pilar Sejahtera Tbk, PT Garuda Indonesia Tbk, PT Hanson International Tbk, PT Bank Bukopin Tbk. The study was conducted by comparing the results of the calculation trough the company’s annual report. The results showed that Financial targets, Financial stability, Nature of industry, and Company existence were able to detect fraudulent financial statements. Meanwhile, External pressure, Ineffective monitoring, Quality of external audit, change in auditor, audit reports, change in director, change in age, number of CEO’s picture were not able to detect fraudulent financial statements.

Analisis Rasio Likuiditas Terhadap Kinerja Keuangan PT Garuda Indonesia Pada Masa Pandemi (2020)

PT Garuda Indonesia is one of the first Indonesian airlines that is leading in the world of air transportation services. During the pandemic, especially 2020, the company was threatened with bankruptcy. This study focuses on the analysis of the liquidity ratio on the financial performance of PT Garuda Indonesia during the pandemic in 2020. The purpose of this study is to determine the financial performance of PT Garuda Indonesia in terms of its liquidity ratio and to determine the company's strategy in overcoming financial problems. The research method and the type of data used by the author in this study is a quantitative method, namely by analyzing and describing financial statement data obtained numerically as in the financial statements of PT Garuda Indonesia. The results of this study can be seen that in the 2020 period PT Garuda Indonesia experienced several obstacles and decreases according to the calculation of the liquidity ratio in terms of the current ratio, quick ratio, and cash ratio compared to previous years. This was due to a decrease in the number of flights during the pandemic which had an impact on airline operations and liquidity.

PENILAIAN BISNIS PERUSAHAAN PT. GARUDA INDONESIA (PERSERO) Tbk TERHADAP LAPORAN KEUANGAN TAHUN 2017 SAMPAI DENGAN TAHUN 2020

ABSTRACT
 The purpose of making this research journal is to conduct a business assessment of PT Garuda Indonesia (Persero) Tbk, namely evaluating and measuring the level of financial health of PT Garuda Indonesia (Persero) Tbk with indicators of liquidity ratios, solvency, activity and profitability. The research method used is library research, namely by studying relevant data from various sources. The author uses secondary data in the form of financial statements for 2017 to 2020. The analytical model used in this research is Cash Ratio, Current Ratio, Inventory Turnover, TATO, Collections Periods, ROE, ROI and Total Own Capital to Total Assets. Financial data is taken from the financial statements of PT Garuda Indonesia (Persero) Tbk in the form of Income Statement and Balance Sheet. The level of health is measured based on the Decree of the Minister of SOE No.Kep 100/MBU/2002 where PT Garuda Indonesia (Persero) Tbk is included in the Non-Infrastructure SOE. The results of this study indicate the indicator has decreased every year. So it can be concluded that PT Garuda Indonesia (Persero) Tbk has Unhealthy business and financial performance with CCC predicate in 2017 to 2019 and CC predicate in 2020.

Pengaruh Konflik Kepentingan, Kualitas Audit, Leverage, dan Profitabilitas terhadap Konservatisme Akuntansi

Accounting conservatism is a prudential principle by accountants in preparing financial statements. This is need to be implemented by the company for prevention from management's opportunistic behavior. Phenomena recognition of receivables as income by PT Garuda Indonesia, resulting in overstated profits are the case regarding accounting conservatism. Hasty to recognize receivables as revenue will raise the risk of uncollectible accounts and cause losses. Management's opportunistic can be reduced by applying accounting conservatism. The principle of conservatism is historically still relevant and can avoid the risks that may occur. The aims of this research are to examine the effect of conflict interest, audit quality, leverage and profitability to accounting conservatism. The populations in this study are companies in Kompas100 index listed on IDX within period 2018-2020. This is quantitative research with a purposive sampling technique. The analysis technique used in this study is panel data regression analysis through the Eviews 10. Hypothesis of this study is conflict of interest, audit quality, leverage, and profitability simultaneously affect accounting conservatism. Partially, conflict of interest, audit quality, and profitability has a significant positive effect on accounting conservatism, leverage has a significant negative effect on accounting conservatism.

Application Prototype Attendance System Garuda Indonesia's Premium Service Assistant Employees Use The Waterfall Model

In the era of information technology which has developed rapidly, it becomes a challenge for users of information technology and encourages every activity of the organization to be able to use it as a support for work activities so as to produce fast and accurate information. PT Garuda Indonesia Tbk as a company engaged in commercial air transportation services that requires good management in employee attendance, special data collection needed to record attendance that can be well organized. The employee attendance process still uses the manual method even though it has been assisted by existing technology, namely using WhatsApp group media every day with a predetermined format and making chat results that have been carried out without a report recap for one month which risks losing attendance data and failures that have occurred. can harm the company. Based on these problems, an attendance system application prototype was made in order to minimize errors. The research method used includes observation, interviews, and literature study. While the system development method using the Waterfall model includes analysis, design, manufacture, testing and system maintenance. The prototype system application that will be developed is expected to be able to build this attendance system more quickly and precisely.

Kajian Dugaan Praktik Kartel PT Garuda Indonesia, Tbk Mempengaruhi Pergerakan Harga Saham di BEI

ABSTRACT The purpose of this study was to determine the effect of the alleged cartel practices carried out by the airline PT Garuda Indonesia, Tbk, namely by the increasingly high price of airline tickets and how their impact on the stock price movement itself. This practice is not permitted in Indonesia and almost all countries in the world, but this becomes very dilemmatic in the current aviation business if the ticket price is not raised the company will bear substantial losses but on the other hand consumers are very disadvantaged and can sacrifice the country's economy if countries that depend heavily on air transportation such as Indonesia. Considering that PT Garuda Indonesia, Tbk is a state-owned company of the Republic of Indonesia which has been listed on the Indonesia Stock Exchange under the GIAA stock code, whether news of alleged cartel practices by GIAA could affect the public investors in the capital market in making a decision to make a selling or buying transaction on GIAA shares.Keywords: cartel practices, garuda indonesia, capital markets

Various Policies of PT Garuda Indonesia (Persero) Tbk. in Increasing Its Productivity, Efficiency and Income

At the micro-economic level, companies, both small and large, often make policies to deal with economic challenges. This policy aims to create a company that can achieve a sustainable level and increase its productivity and efficiency. PT Garuda Indonesia has issued a microeconomic policy to support its business continuity, but there are still some policies that are not in line with the company's ultimate goal. This essay will explain the problems faced by PT Garuda Indonesia (Persero) Tbk. and analyze the effectiveness of the policies that have been made. The aim is to provide an overview of the business continuity of PT Garuda Indonesia (Persero) Tbk. and its ability to face the current global challenge, namely the COVID-19 pandemic.