Central Asia’s Air Astana Joint Stock Company announced its financial and operational results for the third quarter and nine months ended 30 September on Tuesday, 5th November.
The airline firm reported robust RASK, EBITDAR, and steady ongoing margin growth throughout the third quarter of this year.
The Q3 report also shows that total revenue and other income excluding non-recurring items increased 10.4 percent year-on-year (YOY) to US$ 410.0 million.
Adjusted EBITDAR excluding non-recurring items was up 12.6 percent YoY to US$128.8 million, while the adjusted EBITDAR margin excluding non-recurring items expanded to 31.4 percent.
ASK up 8.4 percent YoY to 5.9B (Q3 2023: 5.4B), while RPK of 5.1B was reported, marking an increase of 9.8 percent YoY.
Improved operational capacity
Air Astana chief executive Peter Foster likewise remarked on the way the Group continued to improve overall capacity and operational efficiency throughout the third quarter.
Foster said: “We are also making great strides in increasing the Group’s capacity and operational efficiency. Our fleet development plan remains ahead of schedule, reaching 57 aircraft, and we have accelerated the simplification of our fleet with the redelivery of two E2s in 2024, with the remainder scheduled for 2025.
“We have successfully introduced additional central fuel tanks on the Airbus A321LR enabling non-stop flights over long-haul distances. Starting with a non-stop flight to London, Air Astana now offers one of the longest narrow-body routes in the world on our most efficient fleet.”
