Air Astana reports USD5m net profit in 1H2012, confident of 10th consecutive annual profit in 2012

Air Astana revenue up 13% - financial highlights for six months ended 30-Jun-2012:

• Revenue: USD394 million, +13% year-on-year;
• Net profit: USD5.0 million;
• Capacity: +11%. [more - original PR]

Air Astana: "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. 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," Peter Foster, President. Source: Company statement, 07-Aug-2012.