6-Feb-2012 12:38 PM

Air Astana 2011 profit down 19% on high fuel costs, net margin ahead of 10-year average

Air Astana revenue up 16% - financial highlights for 12 months ended 31-Dec-2011:

  • Revenue: USD760 million, +16% year-on-year;
  • Net profit: USD61.9 million, -19%;
  • Passenger numbers: 3.0 million, +16%;
  • Capacity: +15%.

Air Astana president Peter Foster attributed the carrier’s decline in profitability to a 130% year-on-year increase in fuel prices but maintains the carrier’s net profit margin of 8.1% is still ahead of its 10-year average. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More