Kazakhstan-based Air Astana has reported a net profit of $19.3 million in 2014, down 62% year-over-year. According to a company statement, the profit decline was due to a one-off revaluation of external debt of $49 million caused by the devaluation of the Kazakh tenge by 19% in February 2014. Foster told ATW recently in Almaty that, “Without that devaluation, reaching a $100 million net profit for 2014 would have been possible.” The flag carrier reported a 2014 operating profit ...

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