Aeroflot Announces Traffic Statistics for June and 1H 2014

25 July 2014

MOSCOW, 25 JULY 2014 – JSC Aeroflot (“the Company”, Moscow Exchange ticker: AFLT) announces operating results of the Company and Aeroflot Group (“the Group”) for June 2014 and the first half (1H) of 2014.  

Highlights

Aeroflot standalone:

  • Passenger traffic in June 2014 totalled 2.13 mln, a 10.9% year-on-year increase. This increase was due to a 27.4% year-on-year rise in domestic traffic, driven in part by increasing flights on high-demand routes and adding capacity. International traffic declined 1.2% year-on-year in June 2014. This decline was the result of cutting capacity on tourism routes (Larnaca, Heraklion) following discontinuation of service of blocked-off charter flights (the least profitable capacity segment) and decommissioning of Il-96 aircraft. More efficient and smaller A320 aircraft are now being flown on these routes. Lower frequency of flights to Kiev and Odessa and the suspension of flights on Donetsk and Kharkov routes as well as reclassification of flights to Simferopol as domestic were among other factors impacting international traffic.

For 1H 2014, passenger traffic totalled 10.96 mln, a 14.9% year-on-year increase.

  • Revenue passenger kilometres (“RPK”) for June 2014 totalled 5.99 bln, a year-on-year increase of 11.3%. RPKs for domestic and international flights were up 23.8% and 4.6% year-on-year respectively. For 1H 2014, the Company’s RPKs increased 12.2% year-on-year to 31.17 bln.
  • In the first six months of 2014 the Company expanded its fleet, including 13 new Airbus A320s, two new Boeing 737-800 and six new Boeing 777-300ERs. The new factory-direct planes contributed to the ongoing modernisation of the fleet, which is now one of the youngest in Europe. In 1H 2014 three Boeing 767-300ER aircraft exited the Aeroflot fleet upon expiry of their leases and five Airbus A320 family aircraft were transferred to subsidiary airlines. Changes to the Company’s fleet structure contributed to an increase in available seat kilometres (“ASK”) by 9.5% year-on-year in June 2014 and 13.1% year-on-year in 1H 2014.
  • The passenger load factor increased 1.3 percentage points year-on-year in June 2014 to 81.2%. For 1H 2014, the passenger load factor was 76.5%, representing a 0.6 percentage point year-on-year decrease.
  • Flight hours of the Company’s fleet for June 2014 and 1H 2014 increased by 5.8% and 9.3% year-on-year, respectively.

Aeroflot Group:

  • Total passenger traffic for June 2014 increased 9.5% year-on-year to 3.37 mln. The main factor driving passenger traffic growth was a 21.5% increase in domestic traffic. International traffic for June 2014 was down 0.3% year-on-year. International traffic was influenced by restructuring of the Rossiya route network: domestic flights were increased (on the back of increasing passenger load factor) by reducing service on CIS routes and discontinuing a less profitable program of blocked-off charter flights on tourist routes.

Passenger traffic for 1H 2014 increased 10.8% year-on-year to 15.67 mln.

  • June 2014 RPKs increased 6.3% year-on-year to 8.61 bln, with RPKs on domestic and international flights up 15.7% and 1.0% year-on-year, respectively. Aeroflot Group’s RPK for 1H 2014 increased 4.2% to 40.93 bln.
  • The passenger load factor for June 2014 increased 1.5 percentage points year-on-year to 81.2%. The load factor was 75.7% in 1H 2014, a 0.5% percentage point year-on-year decrease.

Dobrolet:

  • On 10 June 2014 the low-cost airline Dobrolet LLC, a 100% subsidiary of Aeroflot, began commercial service between Moscow and Simferopol. In July 2014 Dobrolet began ticket sales for flights between Moscow and Volgograd, Perm, Samara, Ufa, Surgut, Yekaterinburg and Kazan.
  • Passenger traffic for Dobrolet in June 2014 was 19.1 thousand with RPKs of 23.6 mln and ASKs of 26.7 mln. Passenger load factor was 88.6% and revenue load factor was 83.1%. Flight hours of Dobrolet’s fleet were 251 hours for June 2014.

Other events:

  • In 2013 JSC Aeroflot discontinued its dedicated cargo fleet, switching to belly cargo operations. This was the main reason that cargo and mail carried decreased 36.0% year-on-year in June 2014.

The tables below provide key operating results for JSC Aeroflot and Aeroflot Group.

Aeroflot standalone traffic figures

 

 

 		  

June

 2014

 		  

June

 2013

 		  

Change

 		  

1H

2014

 		  

1H

2013

 		  

Change

 
 

Passengers carried (000s)

 		  

2,132.8

 		  

1,922.9

 		  

10.9%

 		  

10,961.7

 		  

9,541.6

 		  

14.9%

 
 

Of which international

 		  

1,093.1

 		  

1,106.9

 		  

(1.2%)

 		  

5,918.2

 		  

5,665.7

 		  

4.5%

 
 

Of which domestic

 		  

1,039.7

 		  

816.0

 		  

27.4%

 		  

5,043.5

 		  

3,875.9

 		  

30.1%

 
 

Revenue Passenger Kilometres (mln)

 		  

5,993.1

 		  

5,386.9

 		  

11.3%

 		  

31,171.1

 		  

27,774.4

 		  

12.2%

 
 

Of which international

 		  

3,666.9

 		  

3,507.3

 		  

4.6%

 		  

20,205.4

 		  

19,063.6

 		  

6.0%

 
 

Of which domestic

 		  

2,326.2

 		  

1,879.6

 		  

23.8%

 		  

10,965.7

 		  

8,710.8

 		  

25.9%

 
 

Available Seat Kilometres (mln)

 		  

7,385.2

 		  

6,742.9

 		  

9.5%

 		  

40,749.4

 		  

36,035.5

 		  

13.1%

 
 

Of which international

 		  

4,675.4

 		  

4,519.4

 		  

3.5%

 		  

27,065.3

 		  

25,094.1

 		  

7.9%

 
 

Of which domestic

 		  

2,709.8

 		  

2,223.5

 		  

21.9%

 		  

13,684.1

 		  

10,941.4

 		  

25.1%

 
 

Passenger Load Factor

 		  

81.2%

 		  

79.9%

 		  

1.3 p.p.

 		  

76.5%

 		  

77.1%

 		  

(0.6 p.p.)

 
 

Of which international

 		  

78.4%

 		  

77.6%

 		  

0.8 p.p.

 		  

74.7%

 		  

76.0%

 		  

(1.3 p.p.)

 
 

Of which domestic

 		  

85.8%

 		  

84.5%

 		  

1.3 p.p.

 		  

80.1%

 		  

79.6%

 		  

0.5 p.p.

 
 

Flight hours for fleet (hours)

 		  

47,058

 		  

44,474

 		  

5.8%

 		  

266,194

 		  

243,526

 		  

9.3%

 
 

Cargo and mail carried (tonnes)

 		  

10,354.7

 		  

16,168.6

 		  

(36.0%)

 		  

66,510.8

 		  

91,448.9

 		  

(27.3%)

 
 

Of which international

 		  

5,647.3

 		  

11,731.7

 		  

(51.9%)

 		  

38,670.8

 		  

66,582.8

 		  

(41.9%)

 
 

Of which domestic

 		  

4,707.4

 		  

4,436.9

 		  

6.1%

 		  

27,840.0

 		  

24,866.1

 		  

12.0%

 
 

Revenue Tonne Kilometres (mln)

 		  

588.2

 		  

573.8

 		  

2.5%

 		  

3,113.3

 		  

3,012.7

 		  

3.3%

 
 

Of which international

 		  

357.5

 		  

384.5

 		  

(7.0%)

 		  

2,002.6

 		  

2,115.1

 		  

(5.3%)

 
 

Of which domestic

 		  

230.7

 		  

189.3

 		  

21.9%

 		  

1,110.7

 		  

897.6

 		  

23.7%

 
 

Available Tonne Kilometres (mln)

 		  

921.6

 		  

892.9

 		  

3.2%

 		  

5,051.0

 		  

4,778.8

 		  

5.7%

 
 

Of which international

 		  

580.6

 		  

610.9

 		  

(5.0%)

 		  

3,349.2

 		  

3,401.5

 		  

(1.5%)

 
 

Of which domestic

 		  

341.0

 		  

282.0

 		  

20.9%

 		  

1,701.8

 		  

1,377.3

 		  

23.6%

 
 

Revenue Load Factor

 		  

63.8%

 		  

64.3%

 		  

(0.5 p.p.)

 		  

61.6%

 		  

63.0%

 		  

(1.4 p.p.)

 
 

Of which international

 		  

61.6%

 		  

62.9%

 		  

(1.3 p.p.)

 		  

59.8%

 		  

62.2%

 		  

(2.4 p.p.)

 
 

Of which domestic

 		  

67.7%

 		  

67.1%

 		  

0.6 p.p.

 		  

65.3%

 		  

65.2%

 		  

0.1 p.p.

 
 

Revenue Cargo Tonne Kilometres (mln)

 		  

48.9

 		  

89.0

 		  

(45.1%)

 		  

307.9

 		  

513.0

 		  

(40.0%)

 
 

Of which international

 		  

27.5

 		  

68.8

 		  

(60.0%)

 		  

184.1

 		  

399.4

 		  

(53.9%)

 
 

Of which domestic

 		  

21.4

 		  

20.2

 		  

5.9%

 		  

123.8

 		  

113.6

 		  

9.0%

 

Aeroflot Group traffic figures

 

 

 		  

June

 2014

 		  

June

 2013

 		  

Change

 		  

1H

2014

 		  

1H

2013

 		  

Change

 
 

Passengers carried (000s)

 		  

3,370.8

 		  

3,079.6

 		  

9.5%

 		  

15,665.6

 		  

14,142.3

 		  

10.8%

 
 

Of which international

 		  

1,699.0

 		  

1,703.5

 		  

(0.3%)

 		  

7,948.3

 		  

7,957.4

 		  

(0.1%)

 
 

Of which domestic

 		  

1,671.8

 		  

1,376.1

 		  

21.5%

 		  

7,717.3

 		  

6,184.9

 		  

24.8%

 
 

Revenue Passenger Kilometres (mln)

 		  

8,606.0

 		  

8,097.6

 		  

6.3%

 		  

40,927.5

 		  

39,271.7

 		  

4.2%

 
 

Of which international

 		  

5,243.3

 		  

5,192.3

 		  

1.0%

 		  

25,786.7

 		  

26,397.1

 		  

(2.3%)

 
 

Of which domestic

 		  

3,362.7

 		  

2,905.3

 		  

15.7%

 		  

15,140.8

 		  

12,874.6

 		  

17.6%

 
 

Available Seat Kilometres (mln)

 		  

10,598.8

 		  

10,159.0

 		  

4.3%

 		  

54,066.4

 		  

51,508.3

 		  

5.0%

 
 

Of which international

 		  

6,663.8

 		  

6,609.4

 		  

0.8%

 		  

34,559.3

 		  

34,372.7

 		  

0.5%

 
 

Of which domestic

 		  

3,935.0

 		  

3,549.6

 		  

10.9%

 		  

19,507.1

 		  

17,135.6

 		  

13.8%

 
 

Passenger Load Factor

 		  

81.2%

 		  

79.7%

 		  

1.5 p.p.

 		  

75.7%

 		  

76.2%

 		  

(0.5 p.p.)

 
 

Of which international

 		  

78.7%

 		  

78.6%

 		  

0.1 p.p.

 		  

74.6%

 		  

76.8%

 		  

(2.2 p.p.)

 
 

Of which domestic

 		  

85.5%

 		  

81.8%

 		  

3.7 p.p.

 		  

77.6%

 		  

75.1%

 		  

2.5 p.p.

 
 

Flight hours for fleet (hours)

 		  

73,458

 		  

71,825

 		  

2.3%

 		  

383,432

 		  

369,071

 		  

3.9%

 
 

Cargo and mail carried (tonnes)

 		  

12,033.2

 		  

18,717.1

 		  

(35.7%)

 		  

75,992.4

 		  

105,337.7

 		  

(27.9%)

 
 

Of which international

 		  

5,914.1

 		  

12,072.1

 		  

(51.0%)

 		  

40,057.7

 		  

68,551.8

 		  

(41.6%)

 
 

Of which domestic

 		  

6,119.1

 		  

6,645.0

 		  

(7.9%)

 		  

35,934.7

 		  

36,785.9

 		  

(2.3%)

 
 

Revenue Tonne Kilometres (mln)

 		  

826.5

 		  

824.5

 		  

0.2%

 		  

4,009.4

 		  

4,086.2

 		  

(1.9%)

 
 

Of which international

 		  

499.9

 		  

536.9

 		  

(6.9%)

 		  

2,507.9

 		  

2,779.6

 		  

(9.8%)

 
 

Of which domestic

 		  

326.6

 		  

287.6

 		  

13.6%

 		  

1,501.5

 		  

1,306.6

 		  

14.9%

 
 

Available Tonne Kilometres (mln)

 		  

1,262.8

 		  

1,260.5

 		  

0.2%

 		  

6,466.6

 		  

6,467.9

 		  

0.0%

 
 

Of which international

 		  

789.4

 		  

831.8

 		  

(5.1%)

 		  

4,134.5

 		  

4,396.8

 		  

(6.0%)

 
 

Of which domestic

 		  

473.4

 		  

428.7

 		  

10.4%

 		  

2,332.1

 		  

2,071.1

 		  

12.6%

 
 

Revenue Load Factor

 		  

65.4%

 		  

65.4%

 		  

0.0 p.p.

 		  

62.0%

 		  

63.2%

 		  

(1.2 p.p.)

 
 

Of which international

 		  

63.3%

 		  

64.5%

 		  

(1.2 p.p.)

 		  

60.7%

 		  

63.2%

 		  

(2.5 p.p.)

 
 

Of which domestic

 		  

69.0%

 		  

67.1%

 		  

1.9 p.p.

 		  

64.4%

 		  

63.1%

 		  

1.3 p.p.

 
 

Revenue Cargo Tonne Kilometres (mln)

 		  

52.0

 		  

95.7

 		  

(45.7%)

 		  

326.0

 		  

551.7

 		  

(40.9%)

 
 

Of which international

 		  

28.0

 		  

69.6

 		  

(59.8%)

 		  

187.1

 		  

403.8

 		  

(53.7%)

 
 

Of which domestic

 		  

23.9

 		  

26.1

 		  

(8.4%)

 		  

138.9

 		  

147.9

 		  

(6.1%)

 

 

Investor enquiries

Aeroflot Investor Relations

+7 (495) 258-06-86

ir@aeroflot.ru

Media enquiries

 

Aeroflot Press Service

 

+7 (495) 752-90-71

+7 (499) 500-73-87

+7 (495) 753-86-39

presscentr@aeroflot.ru

 

 		  

Russia

 

Tom Blackwell

+7 (919) 102-90-64

blackwell@em-comms.com

 

 		  

UK/Europe

 

Peter Morley

+44 7927 186 645

morley@em-comms.com

 

 		  

North America

 

Quinn Martin

+1 646 629 5502

quinn@frontierpr.com

 

 

About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2013, its 90th anniversary year, Aeroflot carried 20.9 million passengers (31.4 million passengers as Aeroflot Group including subsidiaries), a record for any Russian airline. A proud member of the SkyTeam global airline alliance, Aeroflot and its partners serve more than 1,000 destinations in 178 countries worldwide. Aeroflot operates one of the most modern and youngest fleets in Europe, numbering 156 Airbus, Boeing and Sukhoi airliners with an average age of 3.9 years. Aeroflot is among the global leaders in aviation safety. The company’s European Community Safety Assessment of Foreign Aircraft (SAFA) Index, which is the main globally recognized safety parameter, is comparable to global peers. The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the fifth time in 2013, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008 compliant. In 2014 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the third time. Find more at www.aeroflot.com.