Profitable Air Astana cautious over Chinese virus impact
Kazakh carrier Air Astana has highlighted the uncertain potential impact from the Chinese coronavirus outbreak on its operations, after unveiling a strong rise in full-year net profit. Air Astana says its net profit for 2019 reached just over US$30m, a substantial improvement on the previous figure of $5.3m. It is attributing the increase to “considerably” improved passenger demand, notably on domestic routes and within the charter sector, as well as the launch of its low-cost division FlyArystan. But CE Peter Foster cautions that, although the airline is optimistic over its prospects for 2020, the emerging situation regarding the coronavirus outbreak in China amounts to a “significant unknown”. Air Astana operates to both the Chinese capital, Beijing, and the city of Urumqi. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-29/unaligned/profitable-air-astana-cautious-over-chinese-virus-impact
https://portal.staralliance.com/cms/logo.png
Profitable Air Astana cautious over Chinese virus impact
Kazakh carrier Air Astana has highlighted the uncertain potential impact from the Chinese coronavirus outbreak on its operations, after unveiling a strong rise in full-year net profit. Air Astana says its net profit for 2019 reached just over US$30m, a substantial improvement on the previous figure of $5.3m. It is attributing the increase to “considerably” improved passenger demand, notably on domestic routes and within the charter sector, as well as the launch of its low-cost division FlyArystan. But CE Peter Foster cautions that, although the airline is optimistic over its prospects for 2020, the emerging situation regarding the coronavirus outbreak in China amounts to a “significant unknown”. Air Astana operates to both the Chinese capital, Beijing, and the city of Urumqi. <br/>
