Air Astana Group posts 2021 profit

Wednesday, Mar 09, 2022 0

Kazakhstan based Air Astana Group recovered well from a loss-making, pandemic-hit by 2020 to repoort a profit after tax of USD36.1m in 2021.

Total airline revenue increased by 92% year-on-year to US$756m.

It carried a total of 6.6million passengers, an increase of 79% and the highest in its history.

Its full-service arm Air Astana carried 3.5 million passengers whilst low-cost subsidiary FlyArystan carried 3.1 million passengers.

Freight carriage grew by 27%.

It ‘recovered from the effects of the global pandemic far quicker than expected,’ President and CEO Peter Foster says.

Domestic traffic was strong and FlyArystan, in what is effectively its first full year of operation given that 2020 was partially a write-off, posted very strong growth and a small profit.

“Regional international yields firmed, and new routes to tourist destinations exceeded all expectations,” Foster said.

“2022 has thrown up new and early challenges. The troubles in Kazakhstan in early January were a V-shaped event for us however the conflict in Ukraine, a country in which we have had a strong presence since 2013, is posing multiple challenges.”

“We pray that it may be resolved soon not only for business reasons but more importantly, so that people in affected countries to which we fly can return to their normal lives”.



Related News Stories :   Cathay Pacific appoints Europe sales chief     Aer Lingus extends ‘Take Off’ flight sale     American Airlines showcases new premium suites     FAA rejects plea to halve flight-time requirement for new pilots     Regulator extends safety flight cap on SpiceJet     French air traffic control strikes suspended  



Learn more about :   Air Astana ( United Kingdom )     Air Astana ( N. America )     Air Astana ( Asia Pecific )  

profileimage

Ray Monty



Most Read

Even if you don’t like sport a trip to see Orlando Magic in the NBA will be a memorable experience

Technoheaven is an emerging force in the field of Travel Tech - We speak to Melida Kacapor

Daytona – It’s not just Motors

Qatar Airways and the World Cup - we speak to Eric Odone Vice President Europe

Webinar: Learn about what is hot in the extraordinary State of Oregon

Nominated for a BritishTravel Award? Here is how to help your chances of winning.

Want something different with a tour of Rome? Then have a look at CarpeDiem Rome...

ITA Airways are expanding, Andrew Bunn UKI and Nordics Manager explains

Pierfrancesco Carino VP International Sales of ITA Airways explains the strategy for the airline

Antigua and Barbuda Update on What’s New in the Hotel Sector

Get a sneak peak at the Antigua and Barbuda’s Vision 2032

Diversity within DMO’s and the European influence - We speak to Destinations International
TRAINING & COMPETITION

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari