Kazakhstan's Air Astana flies above pandemic turbulence

Carrier bucks global trend with swing to profit as passenger numbers hit record

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Air Astana booked a $36.2 million net profit last year, marking a strong rebound from its $94 million loss in 2020 as the aviation industry reeled from a COVID-19 slump.  © Air Astana

PAUL BARTLETT, Contributing writer

ALMATY -- The global aviation sector is struggling to recover from a pandemic-driven slump, but Kazakhstan's flagship carrier Air Astana is bucking the trend with a swing back to profit and record passenger numbers, its CEO told Nikkei Asia.

The little-known airline, which is eyeing a listing later this year, is banking on even more growth as the COVID-19 slump recedes and demand for leisure travel soars. But Russia's invasion of Ukraine could make for a rough ride.

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