Wednesday, 21 August 2019

Air Astana reports rise in operation profit for 1st six months of 2019

One of the leading airlines Central Asia, the Almaty based Air Astana has gone through some turbulent times in recent years, yet its latest results prove to be positive reading. In the first six months of this year the airline carrier around 2.1 million people and scored an operating profit of US$6.8 million, a massive improvement on the loss of nearly US$12 million in the same period last year. 
Economy class on Air Astana 767                                                             Photo Air Astana 

Other key highlights for the Kazakhstan based airline include:

Total revenue marginally down at USD372.6 million (1H2018: USD386.5 million);

EBITDAR increased +49% to USD50.0 million (1H2018: USD33.6 million) thanks to high levels of operating efficiency;
CASK (Cost per Available Seat Kilometre) improved by 7% to US¢5.33 (1H2018: US¢5.73), one of the lowest in the industry;
RPK (Revenue Passenger Kilometres) marginally down at 4.4 billion (1H2018: 4.6 billion);
Domestic traffic grew by 9% in the first half, with a particularly strong increase of 20% in the second quarter, reflecting the strong initial performance of FlyArystan which launched in May;
Delivery of 1 A320 NEO and 2 Embraer E190-E2 aircraft;
Ranked 12th most punctual mainline airline in the world (OAG Punctuality League 2019);
Recognised as the Best Airline in Central Asia and India at the Skytrax World Airline Awards for the eighth year running in 2019.

The airline carried a total of 2.1 million passengers during the first half of the year, which was marginally higher than in 2018. Domestic traffic grew strongly by 9% for the six-month period, which included a notable increase of almost 40% in June compared to the same month 2018. This trend is expected to accelerate as a result of the strong traffic contributions from FlyArystan, the recently launched low-cost offshoot of Air Astana.

Recommended for you...

No comments: