Added to YB: 2026-10-14
Pitch date: 2026-10-12
AIRA.IL [neutral]
Air Astana Joint Stock Company
Author Info
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Company Info
Air Astana Joint Stock Company provides air services for passengers. The company operates in two segments, Air Astana and FlyArystan.
Market Cap
KZT 516.3M
Pitch Price
N/A
Price Target
N/A
Dividend
1.48%
EV/EBITDA
4.47
P/E
-28.60
EV/Sales
0.76
Sector
Passenger Airlines
Category
N/A
Air Astana - $AIRA.IL
AIRA.IL (monitor): Air Astana combines a 66% Kazakhstan domestic share and clear volume runway with deteriorating economics: H1 2026 revenue rose 16% after fare increases and a shift to higher-yield international routes, but costs rose faster and operating and net profit turned negative. Operating cash flow less capex and lease principal and interest was -$58m, albeit before a seasonally stronger H2. Even the 2024 dividend would yield 6.5% at today’s price, which was not considered attractive.
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