Kazakh flag carrier Air Astana announces ‘strong’ financial results

Air Astana, the Kazakh flag carrier, has announced “strong” financial results this year for the nine months ending 30 September.

With a total revenue and other income growth of 20.5 per cent to US$900.6m and an operating profit increase of 11.2 per cent to $128.9m, the airline declared a “strong nine-month performance”.

The airline’s financial results also showed a boost in profit to $72.4m – an increase of 18.7 per cent. Up to the end of September this year Air Astana carried 6m passengers with an average load factor of 84 per cent.

It is also saw the number of flights increase from countries such as the UK, Turkey, India, Thailand, Uzbekistan, Georgia and the Gulf as part of a spring-summer operating schedule.

Peter Foster, Air Astana Group president and CEO, said: “The group has continued to perform well in 2023, despite the twin headwinds of high inflation and continued issues with the Pratt & Whitney 1100 engines on the Airbus NEO fleet.

“All markets have shown robust growth, and there is little indication that the strong demand which we have experienced since mid-2021 is flagging.

The group’s Central Asian and Caucasus routes have benefitted from the increased footprint of both Air Astana and FlyArystan into those countries, most of which are experiencing a significant increase in both business and leisure travel.

“Routes to East and South Asia have also performed well, including those to China, which are gathering pace after a slow start following the country’s reopening from Covid.

“The group has continued to prioritise high quality service delivery, and we were delighted that both Air Astana and FlyArystan won the top regional awards in their respective categories at the Skytrax World Airline Awards ceremony earlier this year.”

The airline was recognised for its outstanding passenger service delivery with the Skytrax award for Best Airline in Central Asia and the CIS for the eleventh time, and received the Best Airline Staff Service in Central Asia and the CIS award for the second time.