In this episode, we analyze Air Astana Group's FY2025 results, drawn from the company's Integrated Report 2025 published on May 6, 2026, and what they reveal for investors tracking Central Asia's largest airline group through an industry-wide engine crisis.

Air Astana Group (LSE/AIX/KASE: AIRA) is the largest airline group in Central Asia and the Caucasus by revenue and fleet size, operating 132 routes across 22 countries. Two complementary brands — Air Astana, the full-service flag carrier with 5.2 million passengers, and FlyArystan, the low-cost carrier with 4.5 million — connect Kazakhstan with Europe, the Gulf, India, and China, backed by in-house maintenance operations that turn traditional cost centres into profit centres.

This episode covers:

-What the FY2025 financials reveal: revenue up 11.4% to $1.45 billion against an ...