Aeroflot Announces Traffic Statistics for July and 7M 2014

28 August 2014

MOSCOW, 28 AUGUST 2014 – JSC Aeroflot (“the Company”, Moscow Exchange ticker: AFLT) announces operating results of the Company and Aeroflot Group (“the Group”) for July 2014 and the first seven months (7M) of 2014.  

Highlights

Aeroflot standalone:

  • Passenger traffic in July 2014 totalled 2.35 mln, an 11.8% year-on-year increase, as demand continued to increase on domestic routes. Passenger traffic on domestic routes increased by 32.6% year-on-year in July, driven in part by increased flight frequency on high-demand routes and capacity additions. International traffic declined 3.0% year-on-year in July 2014, primarily due to the Сompany ceasing to carry passengers under block charter agreements (the least profitable passenger segment) and corresponding optimisation of carrying capacities on international tourist 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 7M 2014, passenger traffic totalled 13.31 mln, a 14.3% year-on-year increase.

  • Revenue passenger kilometres (“RPK”) for July 2014 totalled 6.67 bln, a year-on-year increase of 12.7%. RPKs for domestic and international flights were up 28.2% and 4.5% year-on-year respectively. For 7M 2014, the Company’s RPKs increased 12.3% year-on-year to 37.84 bln.
  • In the first seven 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 7M 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 9.7% year-on-year in July 2014 and 12.5% year-on-year in 7M 2014.
  • The passenger load factor increased 2.2 percentage points year-on-year in July 2014 to 85.9%. On domestic flights the passenger load factor was 90.7%, and 83.1% on international routes. For 7M 2014, the passenger load factor was 78.0%, representing a 0.2 percentage point year-on-year decrease.
  • Flight hours of the Company’s fleet for July 2014 and 7M 2014 increased by 6.4% and 8.8% year-on-year, respectively. 

Aeroflot Group:

  • Total passenger traffic for July 2014 increased 11.9% year-on-year to 3.80 mln. The main factor driving passenger traffic growth was a 25.9% increase in domestic traffic. International traffic for July 2014 was up 0.5% year-on-year.

Passenger traffic for 7M 2014 increased 11.0% year-on-year to 19.46 mln.

  • July 2014 RPKs increased 9.6% year-on-year to 9.76 bln, with RPKs on domestic and international flights up 18.7% and 4.3% year-on-year, respectively. Aeroflot Group’s RPK for 7M 2014 increased 5.2% to 50.69 bln.
  • The passenger load factor for July 2014 increased 2.5 percentage points year-on-year to 86.6%. On domestic routes the load factor was 90.7%, and 84.1% on international routes. The load factor was 77.6% in 7M 2014, unchanged year-on-year. 

Dobrolet:

  • Passenger traffic for Dobrolet in July 2014 was 43.38 thousand with RPKs of 53.71 mln and ASKs of 57.56 mln. Passenger load factor was 93.3% and revenue load factor was 88.2%. Flight hours of Dobrolet’s fleet were 539 hours for July 2014.
  • On 4 August 2014 company suspended flights as a result of the sanctions imposed on Dobrolet LLC by the EU. 

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 23.0% year-on-year in July 2014. 

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

 

Aeroflot standalone traffic figures

 

 

 

 		  

July

 2014

 		  

July

 2013

 		  

Change

 		  

7M

2014

 		  

7M

2013

 		  

Change

 
 

Passengers carried (000s)

 		  

2,351.9

 		  

2,104.4

 		  

11.8%

 		  

13,313.6

 		  

11,646.1

 		  

14.3%

 
 

Of which international

 		  

1,192.4

 		  

1,229.9

 		  

(3.0%)

 		  

7,110.7

 		  

6,895.7

 		  

3.1%

 
 

Of which domestic

 		  

1,159.5

 		  

874.5

 		  

32.6%

 		  

6,202.9

 		  

4,750.4

 		  

30.6%

 
 

Revenue Passenger Kilometres (mln)

 		  

6,665.4

 		  

5,915.5

 		  

12.7%

 		  

37,836.5

 		  

33,689.9

 		  

12.3%

 
 

Of which international

 		  

4,050.5

 		  

3,875.4

 		  

4.5%

 		  

24,255.8

 		  

22,939.0

 		  

5.7%

 
 

Of which domestic

 		  

2,614.9

 		  

2,040.1

 		  

28.2%

 		  

13,580.7

 		  

10,750.9

 		  

26.3%

 
 

Available Seat Kilometres (mln)

 		  

7,755.2

 		  

7,071.6

 		  

9.7%

 		  

48,504.5

 		  

43,107.2

 		  

12.5%

 
 

Of which international

 		  

4,871.9

 		  

4,733.1

 		  

2.9%

 		  

31,937.2

 		  

29,827.3

 		  

7.1%

 
 

Of which domestic

 		  

2,883.3

 		  

2,338.5

 		  

23.3%

 		  

16,567.3

 		  

13,279.9

 		  

24.8%

 
 

Passenger Load Factor

 		  

85.9%

 		  

83.7%

 		  

2.2 p.p.

 		  

78.0%

 		  

78.2%

 		  

(0.2 p.p.)

 
 

Of which international

 		  

83.1%

 		  

81.9%

 		  

1.2 p.p.

 		  

75.9%

 		  

76.9%

 		  

(1.0 p.p.)

 
 

Of which domestic

 		  

90.7%

 		  

87.2%

 		  

3.5 p.p.

 		  

82.0%

 		  

81.0%

 		  

1.0 p.p.

 
 

Flight hours for fleet (hours)

 		  

48,945

 		  

46,000

 		  

6.4%

 		  

315,139

 		  

289,525

 		  

8.8%

 
 

Cargo and mail carried (tonnes)

 		  

10,942.0

 		  

14,207.7

 		  

(23.0%)

 		  

77,452.6

 		  

105,656.5

 		  

(26.7%)

 
 

Of which international

 		  

6,008.2

 		  

9,836.2

 		  

(38.9%)

 		  

44,678.8

 		  

76,419.0

 		  

(41.5%)

 
 

Of which domestic

 		  

4,933.8

 		  

4,371.5

 		  

12.9%

 		  

32,773.8

 		  

29,237.5

 		  

12.1%

 
 

Revenue Tonne Kilometres (mln)

 		  

651.5

 		  

606.3

 		  

7.5%

 		  

3,764.7

 		  

3,619.1

 		  

4.0%

 
 

Of which international

 		  

394.3

 		  

403.5

 		  

(2.3%)

 		  

2,396.9

 		  

2,518.7

 		  

(4.8%)

 
 

Of which domestic

 		  

257.2

 		  

202.8

 		  

26.8%

 		  

1,367.8

 		  

1,100.4

 		  

24.3%

 
 

Available Tonne Kilometres (mln)

 		  

964.1

 		  

915.9

 		  

5.3%

 		  

6,015.2

 		  

5,694.6

 		  

5.6%

 
 

Of which international

 		  

600.8

 		  

621.4

 		  

(3.3%)

 		  

3,950.1

 		  

4,022.8

 		  

(1.8%)

 
 

Of which domestic

 		  

363.3

 		  

294.5

 		  

23.4%

 		  

2,065.1

 		  

1,671.8

 		  

23.5%

 
 

Revenue Load Factor

 		  

67.6%

 		  

66.2%

 		  

1.4 p.p.

 		  

62.6%

 		  

63.6%

 		  

(1.0 p.p.)

 
 

Of which international

 		  

65.6%

 		  

64.9%

 		  

0.7 p.p.

 		  

60.7%

 		  

62.6%

 		  

(1.9 p.p.)

 
 

Of which domestic

 		  

70.8%

 		  

68.9%

 		  

1.9 p.p.

 		  

66.2%

 		  

65.8%

 		  

0.4 p.p.

 
 

Revenue Cargo Tonne Kilometres (mln)

 		  

51.6

 		  

73.9

 		  

(30.2%)

 		  

359.4

 		  

587.0

 		  

(38.8%)

 
 

Of which international

 		  

29.8

 		  

54.7

 		  

(45.5%)

 		  

213.9

 		  

454.2

 		  

(52.9%)

 
 

Of which domestic

 		  

21.8

 		  

19.2

 		  

13.5%

 		  

145.5

 		  

132.8

 		  

9.6%

 

Aeroflot Group traffic figures

 

 

 

 		  

July

 2014

 		  

July

 2013

 		  

Change

 		  

7M

2014

 		  

7M

2013

 		  

Change

 
 

Passengers carried (000s)

 		  

3,796.9

 		  

3,393.7

 		  

11.9%

 		  

19,462.7

 		  

17,536.0

 		  

11.0%

 
 

Of which international

 		  

1,882.1

 		  

1,872.7

 		  

0.5%

 		  

9,830.5

 		  

9,830.1

 		  

0.0%

 
 

Of which domestic

 		  

1,914.8

 		  

1,521.0

 		  

25.9%

 		  

9,632.2

 		  

7,705.9

 		  

25.0%

 
 

Revenue Passenger Kilometres (mln)

 		  

9,761.1

 		  

8,908.7

 		  

9.6%

 		  

50,688.6

 		  

48,180.5

 		  

5.2%

 
 

Of which international

 		  

5,899.9

 		  

5,655.9

 		  

4.3%

 		  

31,686.6

 		  

32,053.0

 		  

(1.1%)

 
 

Of which domestic

 		  

3,861.2

 		  

3,252.8

 		  

18.7%

 		  

19,002.0

 		  

16,127.5

 		  

17.8%

 
 

Available Seat Kilometres (mln)

 		  

11,272.6

 		  

10,590.4

 		  

6.4%

 		  

65,339.0

 		  

62,098.7

 		  

5.2%

 
 

Of which international

 		  

7,013.8

 		  

6,785.9

 		  

3.4%

 		  

41,573.1

 		  

41,158.6

 		  

1.0%

 
 

Of which domestic

 		  

4,258.8

 		  

3,804.5

 		  

11.9%

 		  

23,765.9

 		  

20,940.1

 		  

13.5%

 
 

Passenger Load Factor

 		  

86.6%

 		  

84.1%

 		  

2.5 p.p.

 		  

77.6%

 		  

77.6%

 		  

0.0 p.p.

 
 

Of which international

 		  

84.1%

 		  

83.3%

 		  

0.8 p.p.

 		  

76.2%

 		  

77.9%

 		  

(1.7 p.p.)

 
 

Of which domestic

 		  

90.7%

 		  

85.5%

 		  

5.2 p.p.

 		  

80.0%

 		  

77.0%

 		  

3.0 p.p.

 
 

Flight hours for fleet (hours)

 		  

77,573

 		  

74,273

 		  

4.4%

 		  

461,005

 		  

443,344

 		  

4.0%

 
 

Cargo and mail carried (tonnes)

 		  

12,764.4

 		  

16,557.3

 		  

(22.9%)

 		  

88,756.9

 		  

121,894.8

 		  

(27.2%)

 
 

Of which international

 		  

6,212.9

 		  

10,131.1

 		  

(38.7%)

 		  

46,270.6

 		  

78,682.8

 		  

(41.2%)

 
 

Of which domestic

 		  

6,551.5

 		  

6,426.2

 		  

1.9%

 		  

42,486.3

 		  

43,212.0

 		  

(1.7%)

 
 

Revenue Tonne Kilometres (mln)

 		  

933.3

 		  

881.7

 		  

5.9%

 		  

4,942.8

 		  

4,967.8

 		  

(0.5%)

 
 

Of which international

 		  

561.3

 		  

564.5

 		  

(0.6%)

 		  

3,069.2

 		  

3,344.1

 		  

(8.2%)

 
 

Of which domestic

 		  

372.0

 		  

317.2

 		  

17.3%

 		  

1,873.6

 		  

1,623.7

 		  

15.4%

 
 

Available Tonne Kilometres (mln)

 		  

1,341.4

 		  

1,295.8

 		  

3.5%

 		  

7,808.0

 		  

7,763.7

 		  

0.6%

 
 

Of which international

 		  

828.9

 		  

838.0

 		  

(1.1%)

 		  

4,963.4

 		  

5,234.8

 		  

(5.2%)

 
 

Of which domestic

 		  

512.5

 		  

457.8

 		  

11.9%

 		  

2,844.6

 		  

2,528.9

 		  

12.5%

 
 

Revenue Load Factor

 		  

69.6%

 		  

68.0%

 		  

1.6 p.p.

 		  

63.3%

 		  

64.0%

 		  

(0.7 p.p.)

 
 

Of which international

 		  

67.7%

 		  

67.4%

 		  

0.3 p.p.

 		  

61.8%

 		  

63.9%

 		  

(2.1 p.p.)

 
 

Of which domestic

 		  

72.6%

 		  

69.3%

 		  

3.3 p.p.

 		  

65.9%

 		  

64.2%

 		  

1.7 p.p.

 
 

Revenue Cargo Tonne Kilometres (mln)

 		  

54.8

 		  

79.9

 		  

(31.4%)

 		  

380.8

 		  

631.6

 		  

(39.7%)

 
 

Of which international

 		  

30.3

 		  

55.5

 		  

(45.4%)

 		  

217.4

 		  

459.3

 		  

(52.7%)

 
 

Of which domestic

 		  

24.5

 		  

24.4

 		  

0.4%

 		  

163.4

 		  

172.3

 		  

(5.2%)

 

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 153 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.