Air Astana reports increase in profits for 2019 | News

Air Astana has recorded a web earnings for 2019 of US$30 million, up from US$5.three

Air Astana has recorded a web earnings for 2019 of US$30 million, up from US$5.three million in the previous calendar year.

The flag-provider of Kazakhstan carried five million passengers final calendar year, an maximize of 17 for each cent over 2018, with complete airline earnings up by 6 for each cent to US$893 million.

Commenting on the final results, Peter Foster, main executive of Air Astana, said: “Passenger need improved substantially in the course of the calendar year, driven by a substantial maximize in charter operations and by elevated need generally on domestic routes, as a consequence of the effective start of our low-charge airline, FlyArystan, in Might.

“While yields have been affected by elevated competition on global routes, lessened normal domestic ticket selling prices and the decrease price of the Kazakh tenge, this was more than offset by elevated need and decrease unit charge.”

Unit expenses had been decrease, at 5.5 US cents for each offered seat kilometre.

Hunting ahead to 2020, Foster said: “FlyArystan proceeds to improve forward of expectations, and specific structural variations, this sort of as the transfer to Domodedovo Airport at Moscow in line with the comprehensive S7 codeshare, and replacement of the Boeing 757 fleet by Airbus 321 Lengthy Vary plane, empower us to be cautiously optimistic.

“However, the impression of the Coronavirus is a substantial mysterious.” 

Air Astana operates to Beijing and Urumchi, each of which will function with decrease frequency in the function that constraints on outbound team targeted traffic from China keep on being in place for an extended time period.