Air Astana reports 9M 2024 financial and operating results

05.11.24 14:36
/KASE, November 5, 2024/ – Air Astana JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 5, 2024: quote Air Astana Joint Stock Company (the "Company" and, together with its subsidiary FlyArystan, the "Group"), the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size, today announces its financial and operational results for the third quarter and nine months ended 30 September 2024. Highlights Robust RASK, EBITDAR and margin growth continued in Q3 - Total revenue and other income excluding non-recurring items* increased 10.4% YoY to USD 410.0M (Q3 2023: USD 371.5M). - Adjusted EBITDAR excluding non-recurring items* was up 12.6% YoY to USD 128.8M (Q3 2023: USD 114.4M). Adjusted EBITDAR margin excluding non-recurring items* expanded to 31.4% (Q3 2023: 30.8%). - ASK up 8.4% YoY to 5.9B (Q3 2023: 5.4B). - RPK of 5.1B, an increase of 9.8% YoY (Q3 2023: 4.7B). - Proactive yield management across both airline brands resulted in RASK excluding nonrecurring items* growing 1.8% YoY to USD 6.95¢ (Q3 2023: 6.83¢), while CASK rose 2.8% YoY. - Negative growth gap between RASK and CASK improved from 2.0pp in Q1 to 1.0pp in Q3. - Along with 8.4% capacity growth, the number of Group passengers carried in the reporting quarter totalled 2.8M, an increase of 9.9% YoY, with an average load factor of 87.0%, a 4.2pp uplift on the previous quarter and 1.1pp on Q3 2023. * Non-recurring item (NRI): Q3 2024 included net IPO related expenses of US $2.0m. Q3 2023 included IPO related expenses of US $0.5m and revenue of US $1.1m from the extraordinary market event (EME) impacted by partial mobilisation in Russia. 9M 2024 included net IPO related expenses of US $11.4m and donations of US $2.7m in connection with the flood situation in Kazakhstan. 9M 2023 included IPO related expenses of US $0.9m and revenue of US $10.0m from the extraordinary market event (EME) impacted by partial mobilisation in Russia. unquote The complete press release is available on: - https://kase.kz/files/emitters/AIRA/aira_relizs_051124_kz.pdf – in Qazaq; - https://kase.kz/files/emitters/AIRA/aira_relizs_051124_1.pdf – in Russian; - https://kase.kz/files/emitters/AIRA/aira_relizs_051124_en.pdf – in English. [2024-11-05]