Air Astana expects record profit thanks to early cuts

Air Astana is expecting a record profit this year, surpassing the $35 million earned in 2007, thanks to cost-cutting measures implemented before the global economic crisis hit both the airline and Kazakhstan last autumn. "KC was very affected. Our traffic collapsed. But all this happened during a time when KC's cost-cutting program already was in progress," President Peter Foster told ATWOnline last week in Almaty. Astana cut capacity by 33% compared to 2008 and it faces a 15% decline in ...