Even though the airline dealt with difficult external variables the entire year, Air Astana reported that its full-year 2022 performance “exceeded expectations.”
In 2022, the airline with its base in Kazakhstan made a profit after taxes of $78.4 million. The airline carried 7.3 million passengers and generated $1.03 billion in revenue.
The profit amount is 115% greater than it was in 2021, while revenue and passenger count increased by 36% and 11%, respectively. According to Air Astana, all three measures are at their greatest points in the company’s 20-year history.
Air Astana’s low-cost subsidiary FlyArystan has grown by 366% since it began services in 2019, with Foster adding that it “has a great future, as this region probably has the fastest-growing low-cost air travel market in the world today”.
“Headwinds persist in the form of the continued airport and service provider resource and supply chain limitations, general inflationary pressure, and technical reliability issues with Pratt & Whitney 1100 engines,” Foster concluded.
The Pratt & Whitney PW1000G engine family is used in a number of Air Astana’s aircraft, including five Airbus A320neos, fourteen A321neos, and five E190-E2s. It intends to add six new planes to its fleet in 2023 and welcome three Boeing 787-9s beginning in 2025 that it would lease from Air Lease Company (ALC).