Air Astana JSC: Financial results for the 1st quarter of 2024

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28.06.2024

Air Astana JSC (hereinafter referred to as the "Company") has published financial results of operations for the 1st quarter of 2024. We maintain our "Buy" estimate, however, due to the adjustment of the dynamics of passenger traffic in the forecast periods and the increase in the yield of 10-year bonds, the valuation model reduces the target value to 1,195 tenge per common share.