The Air Astana Group has actually uploaded its 2024 complete year monetary outcomes, covering the very first complete considering thatthe airline’s IPO in February 2024
They reveal that both airline companies making up the team, Air Astana’s mainline procedure and its inexpensive subsidiary FlyArystan, lugged a document 9 million guests, one million up from the previous year.
The Kazakh flag service provider associated this rise to solid market need and ability growth, with the mixed fleet of the team’s airline companies expanding by 8 devices (from 49 to 57 airplane).
This development has actually likewise been shown in the earnings number, which expanded by 12.4%, to US$ 1.3 billion (vs. US$ 1.16 billion in 2023), along 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 team took care of to reinforce its cash money placement by 78.4% in 2024, from US$ 214.7 to US$ 488.7 million, partially many thanks to US$ 120 million elevated with the business’s IPO, which contained double listings in 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 executive officer validated the business’s strategies to proceed sustaining additional development in the future, stating what he had actually currently informed AeroTime in an exclusive Spotlight interview published in November 2024.
