Air Astana reported Q1 2025 financial and operating results

02.05.25 12:55
/KASE, May 2, 2025/ – Air Astana JSC (KASE ticker – AIRA) has announced the following: quote May 2, 2025 Air Astana JSC (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, announces its results for the first quarter ended 31 March 2025. Highlights Strong revenue and EBITDAR growth in seasonally weaker first quarter - Total revenue and other income increased 10.4% to USD 292.4 million (Q1 2024: USD 264.7 million). - EBITDAR increased 37.1% to USD 59.9 million (Q1 2024: USD 43.7 million). EBITDAR margin improved by 4.0pp to 20.5% (Q1 2024: 16.5%). - ASK up 13.5% to 4.7 billion (Q1 2024: 4.1 billion). - RPK increased 13.9% to 3.8 billion (Q1 2024: 3.4 billion). - Unit revenues continue to be managed ahead of unit costs, extending the positive trend from Q4 2024 despite the seasonally weaker quarter. - RASK decreased 2.7% to USD 6.23¢ (Q1 2024: 6.41¢). This was partially due to fare increases, made to reflect the Tenge depreciation, being phased in during the quarter (the full effect of fare adjustments will be recognized from Q2). In addition, the quieter Ramadan period fell entirely in Q1 this year (with no impact in Q2). - CASK reduced by 5.7% to USD 6.09¢ (Q1 2024: 6.46¢) driven primarily by lower fuel costs and the reduction in Tenge denominated costs. - Group passengers carried increased 7.1% to 2.0 million (Q1 2024: 1.9 million), with a 0.3 pp improvement in average load factor to 81.5% (Q1 2024: 81.2%). unquote Full version of the press release in Russian – https://kase.kz/files/emitters/AIRA/aira_relizs_020525_1.pdf Full version of the press release in English – https://kase.kz/files/emitters/AIRA/aira_relizs__020525_en.pdf [2025-05-02]