Q3 2025 Air Astana AO Earnings Call Transcript
Key Points
- Air Astana JSC (STU:7YH) reported a 16.8% growth in available seat kilometers and a 15.4% increase in traffic for the first nine months of 2025.
- The company achieved a stable load factor of 83% for the first nine months, with passenger numbers growing by 10.5% to 7.5 million.
- Despite challenges, Air Astana JSC (STU:7YH) managed to grow its revenues by 10.1% during the first three quarters of 2025.
- The company has successfully implemented a dynamic capacity allocation strategy, optimizing capacity between Air Astana and FlyArystan based on market conditions.
- Air Astana JSC (STU:7YH) has secured a significant aircraft order, including up to 15 Boeing 787-9 Dreamliners, demonstrating confidence in future growth.
- The company faced significant challenges in Q3 2025 due to 14 unplanned engine removals, resulting in a shortfall of 10.4 aircraft and a $23.7 million impact on EBITDA.
- The devaluation of the Tenge negatively affected FlyArystan's domestic operations, contributing to a net loss of around $7 million.
- Q3 2025 saw a 17% reduction in EBITDA, primarily due to unscheduled engine removals and currency devaluation.
- The company experienced a 7% drop in RASK during Q3, impacted by exchange rate fluctuations and lower yields on domestic routes.
- Net profit dropped by 40% compared to the previous year, attributed to the loss of production during the peak season and currency losses.
Good morning and good afternoon, and also a very warm welcome to Air Astana's nine-month and Q3 2025 results presentation. My name is Simon Wray. I'd like to thank you all for joining us today.
Our CEO and CFO will take you through the group's performance shortly. After the presentation, there will be opportunity to ask any questions. I encourage you to submit them through the link.
We hope to get through as much as possible today. But if you have any follow-up questions or need any clarification, please email Air Astana Investor Relations team. The presentation, earnings release, and other materials are available on the company's IR website.
Finally, I'd like to remind all participants that this call is being recorded. And with that, I'll hand over to our CEO, Peter Foster, to open the presentation. Peter?
Thank you. Simon, thank you very much. So in a slight break with the usual practice, I'd just like
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