Air Astana posts 1H net loss of US$6.6m
Air Astana reported a 2016 first-half net loss of US$6.6m, reversed from an $8.3m net profit in the first half of 2015. The airline said the results were driven by a significant devaluation of the Kazakh currency Tenge compared to the first half of 2015, and by weaker regional travel markets in the wake of a commodity price drop. The carrier reported a first-half operating profit of $0.975m; operating revenue fell 30% to $275m. Also passenger numbers decreased 7% to 1.69m, compared to 1.82m in the year-ago-period. Prospects for the rest of the year remain uncertain; however, there are signs that regional economies are adjusting to lower commodity prices. Air Astana recently launched flights between Almaty and Tehran, and will take delivery of its first Airbus 320neo later this year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-21/unaligned/air-astana-posts-1h-net-loss-of-us-6.6m
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Air Astana posts 1H net loss of US$6.6m
Air Astana reported a 2016 first-half net loss of US$6.6m, reversed from an $8.3m net profit in the first half of 2015. The airline said the results were driven by a significant devaluation of the Kazakh currency Tenge compared to the first half of 2015, and by weaker regional travel markets in the wake of a commodity price drop. The carrier reported a first-half operating profit of $0.975m; operating revenue fell 30% to $275m. Also passenger numbers decreased 7% to 1.69m, compared to 1.82m in the year-ago-period. Prospects for the rest of the year remain uncertain; however, there are signs that regional economies are adjusting to lower commodity prices. Air Astana recently launched flights between Almaty and Tehran, and will take delivery of its first Airbus 320neo later this year. <br/>
