Aeroflot Group Announces Operating Results for August 2017

25 September 2017

Moscow, 25 September 2017 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for August and the first eight months of 2017 [1].

January–August 2017 Operating Highlights

In the first eight months of 2017, Aeroflot Group carried 33.6 million passengers, up 17.1% year-on-year. Aeroflot airline carried 21.8 million passengers, a year-on-year increase of 14.5%.

Group and Company RPKs increased by 18.5% and 12.0% year-on-year, respectively. ASKs rose by 16.3% year-on-year for Aeroflot Group and by 10.6% for Aeroflot airline.

The passenger load factor increased by 1.5 p.p. year-on-year to 83.4% for the Group and by 1.0 p.p. year-on-year to 82.6% for the company.

August 2017 Operating Highlights

In August 2017, Aeroflot Group carried 5.3 million passengers, up 16.0% year-on-year. Aeroflot airline carried 3.2 million passengers, a year-on-year increase of 15.4%.

Group and Company RPKs increased by 16.2% and 12.1% year-on-year, respectively. ASKs rose by 15.9% year-on-year for Aeroflot Group and by 12.7% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 9.7% and 8.9% year-on-year, respectively. ASKs grew by 9.7% year-on-year. Company passengers carried and RPKs on domestic routes were up 15.1% and 8.1% year-on-year, respectively. ASKs grew by 9.9%.

In August 2017, the number of passengers carried on the Group’s international routes increased by 24.7% year-on-year. RPKs increased by 22.3%, while capacity grew by 20.8%. The number of passengers carried by Aeroflot airline on international routes increased by 15.7%. RPKs increased by 14.4% and ASKs by 14.1%. Growth in the international segment was driven by stable demand in the context of a strengthening ruble, increased flight frequencies and the launch of flights to new international destinations, as well as the development of Rossiya’s partnerships with tour operators and of Pobeda’s international route network.

The passenger load factor increased by 0.2 p.p. year-on-year to 89.9% for the Group. For the Company the passenger load factor decreased by 0.4 p.p. year-on-year to 88.1% as a result of a decrease in the passenger load factor on domestic routes by 1.5 p.p. year-on-year to 90.7%. The decrease in passenger load factor on domestic routes was a result of the high base effect – in August 2016, this indicator reached 92.2%.

Fleet Update

In August 2017, the Group added five aircraft: one Airbus A321 and four Boeing 737-800. At the same time one Airbus A321 were phased out of the Aeroflot Group fleet. Since the start of the year Aeroflot Group added fifteen aircraft. As of 31 August 2017, the Group had 300 aircraft (excluding one An-24 which was leased out and six An-148 which were subleased).

In August 2017, Aeroflot airline added five aircraft: one Airbus A321 and four Boeing 737-800. At the same time one Airbus A321 were phased out of the Company fleet. Overall, since the start of the year the fleet of Aeroflot airline increased by thirteen aircraft, bringing the total fleet to 202 aircraft as of 31 August 2017.

Aeroflot Group Operating Results

August
2017
August
2016
Change 8 months
2017
8 months
2016
Change
Passengers carried, thousand PAX 5,263.9 4,536.0 16.0% 33,552.5 28,657.1 17.1%
- international 2,382.5 1,910.2 24.7% 15,037.3 11,859.2 26.8%
- domestic 2,881.4 2,625.8 9.7% 18,515.2 16,797.9 10.2%
Revenue Passenger Kilometres, mln 13,698.4 11,791.2 16.2% 86,886.1 73,310.4 18.5%
- international 7,829.0 6,399.1 22.3% 51,222.7 40,875.5 25.3%
- domestic 5,869.4 5,392.1 8.9% 35,663.4 32,435.0 10.0%
Available Seat Kilometres, mln 15,232.1 13,148.0 15.9% 104,125.8 89,520.6 16.3%
- international 8,815.5 7,299.0 20.8% 61,338.4 51,197.8 19.8%
- domestic 6,416.6 5,849.0 9.7% 42,787.4 38,322.8 11.6%
Passenger load factor, % 89.9% 89.7% 0.2 p.p. 83.4% 81.9% 1.5 p.p.
- international 88.8% 87.7% 1.1 p.p. 83.5% 79.8% 3.7 p.p.
- domestic 91.5% 92.2% (0.7 p.p.) 83.4% 84.6% (1.2 p.p.)
Cargo and mail carried, tonnes 23,047.0 17,634.6 30.7% 167,632.9 118,339.1 41.7%
- international 12,467.3 7,598.0 64.1% 93,289.6 53,460.3 74.5%
- domestic 10,579.7 10,036.6 5.4% 74,343.3 64,878.9 14.6%
Revenue Cargo Tonne Kilometres, mln 106.3 81.4 30.6% 762.2 522.1 46.0%
- international 62.4 38.0 64.3% 462.9 251.8 83.8%
- domestic 43.9 43.4 1.1% 299.3 270.3 10.7%
Revenue Tonne Kilometres, mln 1,339.1 1,142.6 17.2% 8,582.0 7,120.0 20.5%
- international 767.0 613.9 24.9% 5,073.0 3,930.6 29.1%
- domestic 572.1 528.7 8.2% 3,509.0 3,189.5 10.0%
Available Tonne Kilometres, mln 1,817.6 1,587.5 14.5% 12,532.3 10,859.2 15.4%
- international 1,042.4 880.7 18.4% 7,371.4 6,281.2 17.4%
- domestic 775.2 706.8 9.7% 5,160.9 4,578.0 12.7%
Revenue load factor, % 73.7% 72.0% 1.7 p.p. 68.5% 65.6% 2.9 p.p.
- international 73.6% 69.7% 3.9 p.p. 68.8% 62.6% 6.2 p.p.
- domestic 73.8% 74.8% (1.0 p.p.) 68.0% 69.7% (1.7 p.p.)
Revenue flights 34,390 30,672 12.1% 243,579 218,896 11.3%
- international 14,298 12,581 13.6% 100,825 89,210 13.0%
- domestic 20,092 18,091 11.1% 142,754 129,686 10.1%
Flight hours for fleet 93,986 85,084 10.5% 664,995 599,415 10.9%


Aeroflot – Russian Airlines Operating Results

August
2017
August
2016
Change 8 months
2017
8 months
2016
Change
Passengers carried, thousand PAX 3,247.5 2,814.1 15.4% 21,793.6 19,033.2 14.5%
- international 1,686.5 1,458.0 15.7% 11,409.9 9,696.7 17.7%
- domestic 1,561.0 1,356.1 15.1% 10,383.7 9,336.5 11.2%
Revenue Passenger Kilometres, mln 9,003.6 8,029.9 12.1% 60,891.3 54,350.4 12.0%
- international 5,827.3 5,092.2 14.4% 40,276.9 34,751.8 15.9%
- domestic 3,176.3 2,937.7 8.1% 20,614.4 19,598.6 5.2%
Available Seat Kilometres, mln 10,220.8 9,071.7 12.7% 73,697.6 66,608.3 10.6%
- international 6,718.4 5,886.1 14.1% 49,321.0 43,836.0 12.5%
- domestic 3,502.4 3,185.6 9.9% 24,376.6 22,772.3 7.0%
Passenger load factor, % 88.1% 88.5% (0.4 p.p.) 82.6% 81.6% 1.0 p.p.
- international 86.7% 86.5% 0.2 p.p. 81.7% 79.3% 2.4 p.p.
- domestic 90.7% 92.2% (1.5 p.p.) 84.6% 86.1% (1.5 p.p.)
Cargo and mail carried, tonnes 19,145.0 14,782.4 29.5% 141,802.4 102,272.8 38.7%
- international 12,191.9 7,466.9 63.3% 91,594.3 52,170.9 75.6%
- domestic 6,953.1 7,315.5 (5.0%) 50,208.1 50,101.9 0.2%
Revenue Cargo Tonne Kilometres, mln 89.3 69.7 28.1% 658.0 474.5 38.7%
- international 61.0 37.6 62.2% 455.1 249.0 82.7%
- domestic 28.3 32.1 (11.8%) 202.9 225.5 (10.0%)
Revenue Tonne Kilometres, mln 899.6 792.4 13.5% 6,138.3 5,366.1 14.4%
- international 585.4 495.9 18.0% 4,080.1 3,376.7 20.8%
- domestic 314.2 296.5 6.0% 2,058.2 1,989.4 3.5%
Available Tonne Kilometres, mln 1,242.0 1,130.3 9.9% 9,019.4 8,314.7 8.5%
- international 816.1 727.4 12.2% 6,067.6 5,458.1 11.2%
- domestic 425.9 402.9 5.7% 2,951.8 2,856.6 3.3%
Revenue load factor, % 72.4% 70.1% 2.3 p.p. 68.1% 64.5% 3.6 p.p.
- international 71.7% 68.2% 3.5 p.p. 67.2% 61.9% 5.3 p.p.
- domestic 73.8% 73.6% 0.2 p.p. 69.7% 69.6% 0.1 p.p.
Revenue flights 21,798 19,199 13.5% 159,396 143,699 10.9%
- international 10,710 9,652 11.0% 79,306 72,288 9.7%
- domestic 11,088 9,547 16.1% 80,090 71,411 12.2%
Flight hours for fleet 62,297 56,233 10.8% 459,627 420,032 9.4%



[1] According to management accounts.