Air Astana returns to profit after 2016 blip

Air Astana Returns To Profit After 2016 Blip

Air Astana posted a profit of US$39 million in 2017, returning to profit after its first ever loss in 2016.

Air Astana Returns To Profit After 2016 Blip

The airline recorded passenger growth of 12 per cent in addition to revenue growth of 22 per cent in 2017, after seeing both fall in 2015 in addition to 2016 following the devaluation of the Kazakh Tenge in mid-2015.

Air Astana Returns To Profit After 2016 Blip

The airline carried 4.2 million passengers in 2017 in addition to recorded total revenues of US$754 million.

Air Astana Returns To Profit After 2016 Blip

Air freight uplift also grew by 23 per cent.

Air Astana Returns To Profit After 2016 Blip

Capacity grew by seven per cent, with brand-new routes added between Astana-Delhi in addition to Astana-Kiev, in addition to increased frequencies on flights to Bangkok, Beijing, Dubai, Istanbul, London, Moscow, Novosibirsk, Omsk, St. Petersburg, Seoul, Tashkent, Tbilisi, Urumqi in addition to Yekaterinburg.

Air Astana Returns To Profit After 2016 Blip

The airline took delivery of its second Airbus A320 neo family, an A321, in addition to confirmed an order for a few Embraer brand-new-generation E2 regional jets, with deliveries starting in October 2018, bringing its total outstanding aircraft orders to 23 (15 Airbus A320neo Family, a few Embraer E2s in addition to three Boeing 787s).

Air Astana Returns To Profit After 2016 Blip

Commenting on the results, Air Astana president, Peter Foster, stated: “Astana Expo 2017 in addition to increased transit business through the brand-new terminal at Nursultan Nazarbayev Airport in Astana have been the main growth drivers.

“Expo was a great success in addition to substantially exceeded its pengunjung target.

“Transit business grew by 58 per cent in addition to is actually right now 12 per cent of total business.

“Our comparatively low unit cost has enabled us to successfully grow of which business segment by being competitive in key overseas markets, such as Russia, China, India in addition to the EU, in addition to smaller high growth markets such as Ukraine, Georgia in addition to Uzbekistan.”

While growth is actually likely to continue into 2018, Foster cautioned of which “the industry is actually operating at peak or near-peak capacity right now in most regions, in addition to costs – fuel, airport in addition to additional user charges, staff costs are under pressure.

“Cost control, whilst maintaining quality standards, will be the key challenge within the coming period.”

Air Astana returns to profit after 2016 blip

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