High-power mid-infrared (MIR) fiber laser sources exhibit excellent application potential in space communications, remote sensing, material processing, spectroscopy, and medical applications. Despite recent developments in high power MIR laser sources using fluorozirconate glass fibers, the lack of fluoride fibers with good chemical and thermal stability remains the main restriction for laser power scaling at MIR. Within the scope of this study, a fluoroaluminate glass fiber was formulated using the AlF3-YF3-BaF2-CaF2-SrF2-MgF2 (AYF) composition. This development, characterized by enhanced corrosion resistance and an elevated glass transition temperature of approximately 425 °C, is detailed and presented herein. The AYF fibers were fabricated by using rod-in-tube method and the loss was ~0.5 dB/m at 1.570 µm. By using Ho 3+ -doping single-cladding AYF fibers as the gain medium and 1150 nm laser as the pump source, a cascaded laser operating at λ~3 μm and λ~2 μm with a total unsaturated maximum output power of 11.6 W and slope efficiencies of 29%, both at 2 µm and at 3 µm were obtained. The results show that AYF fibers can be used as viable, high performance gain media for MIR fiber lasers.