Air Astana provides financial and operating results for three months ended March 31, 2024

30.04.24 12:54
/KASE, April 30, 2024/ – Air Astana JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated April 30, 2024: quote Highlights Strong revenue growth in seasonally weaker first quarter - Total revenue and other income excluding non-recurring items* increased 13.3% YoY to USD 264.7M. - EBITDAR excluding non-recurring items* was up 6.9% YoY to USD 50.0M. - RPK increased 13.5% YoY to 3.4B. - RASK excluding non-recurring items* decreased 1.6% YoY to US 6.41¢, largely driven by the higher growth of FlyArystan which has a relatively lower RASK compared to Air Astana. Further passenger and capacity growth ahead of summer; fleet and route expansion in line with growth strategy - Total number of carried passengers grew 18.5% YoY to 1.9M on load factor of 81.2%. - ASK was up 15.2% YoY to 4.1B, comprising growth of 8.5% at Air Astana and 35.1% at FlyArystan. - Group fleet increased to 50 aircraft following delivery of one Airbus A321neo to Air Astana in January (51 post-period with delivery of one Airbus A320neo to FlyArystan in April). - FlyArystan executed a lease agreement for a further two A320ceo aircraft, in addition to the earlier fleet plan, with deliveries expected in the first quarter of 2025. - Rested engines during the first quarter as per plan in order to maximise production during the summer peak. - Planning to add further capacity on certain Air Astana flights during peak season due to high demand. *Non-recurring items: impact of partial mobilization in Russia which caused an extraordinary market event (EME) in first quarter of 2023 and IPO expenses in first quarter of 2024. unquote The complete press release is available on: - https://kase.kz/files/emitters/AIRA/aira_relizs_300424_kz.pdf – in Qazaq; - https://kase.kz/files/emitters/AIRA/aira_relizs_300424_1.pdf – in Russian; - https://kase.kz/files/emitters/AIRA/aira_relizs_300424_en.pdf – in English. [2024-04-30]