The Air Astana Group has truly uploaded its 2024 full 12 months financial outcomes, overlaying the very first full contemplating thatthe airline’s IPO in February 2024
They reveal that each airline corporations making up the group, Air Astana’s mainline process and its cheap subsidiary FlyArystan, lugged a doc 9 million visitors, a million up from the earlier 12 months.
The Kazakh flag service supplier related this rise to stable market want and talent development, with the blended fleet of the group’s airline corporations increasing by 8 units (from 49 to 57 airplane).
This growth has truly likewise been proven within the earnings quantity, which expanded by 12.4%, to US$ 1.3 billion (vs. US$ 1.16 billion in 2023), together with EBITDAR, which is up by 16.1%, to US$ 336.8 million. However, earnings decreased from US$ 68.7 to US$ 52 million.
The group took care of to bolster its money cash placement by 78.4% in 2024, from US$ 214.7 to US$ 488.7 million, partially many due to US$ 120 million elevated with the enterprise’s Initial Public Offering, which contained double listings within the London Stock Exchange (LSE) andKazakhstan
In the declaration revealing the yearly outcomes, Peter Foster, CHIEF EXECUTIVE OFFICER of Air Astana Group, claimed: “We achieved strong growth in our first year as a public company, fulfilling our promises set out at IPO despite the capacity and cost challenges impacting the wider industry.”
Air Astana’s chief government officer validated the enterprise’s methods to proceed sustaining extra growth sooner or later, stating what he had truly at the moment knowledgeable AeroTime in an exclusive Spotlight interview published in November 2024.
