Air Astana has reported a decline in first half year net profit to $4.95 million from $36.9 million a year ago. Revenue was up by 13% to $394 million. The airline flew 13%v more passengers during the first half of the year with a capacity increase of 11% by the addition of a 757-200 and three E190s.
“The first half was challenging due to fuel price increases of more than 140% over the same period last year. The first quarter in particular was very tough.” KC president Peter Foster said. “The second half, traditionally our strong period, is looking more promising as fuel prices have come off slightly and cost savings in other areas kick in. All markets with the exception of Europe continue to grow and we are confident of a 10th straight year of profitability.”
Air Astana first half profits fall
