Aeroflot Group Passenger Traffic Up 14.0% in 6M 2015

22 July 2015

Moscow, 22 July 2015 - Aeroflot PJSC (Moscow Exchange ticker: AFLT) announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for June and the first six months of 2015.

January-June 2015 Operating Highlights

Passenger traffic for Aeroflot Group in 6M 2015 was 17.9 mln, up 14.0% year-on-year. Aeroflot airline’s passenger traffic was 12.0 mln during the same period, up 9.3% year-on-year.

Group revenue passenger kilometres (“RPKs”) rose by 8.7% year-on-year for 6M 2015, while the Company posted 9.6% year-on-year RPK growth. Group available seat kilometres (“ASKs”) increased by 8.7% year-on-year for 6M 2015, while the Company’s ASKs increased by 9.0% year-on-year. Group passenger load factor was flat year-on-year at 75.7%, while the Company’s passenger load factor increased by 0.4 percentage points (p.p.) year-on-year to 76.9%.

June 2015 Operating Highlights

In June 2015, Aeroflot Group passenger traffic was 3.7 mln, up 10.6% year-on-year. Aeroflot airline’s passenger traffic was 2.4 mln, a year-on-year increase of 12.0%.

Group and Company RPKs increased by 6.3% and 11.3% year-on-year, respectively, in June 2015. ASKs for the same period rose by 6.4% year-on-year for Aeroflot Group and by 9.5% for Aeroflot airline.

On domestic routes, Group traffic and RPKs grew by 34.4% and 30.5% year-on-year, respectively, in June 2015. This was mainly attributable to the continuing growth in demand for domestic air travel and the development of domestic tourism and the low-cost segment and respective 37.7% year-on-year growth in ASKs, including increase in flight frequencies on high-demand routes. Company traffic and RPKs in June 2015 were up 15.0% and 12.3% year-on-year, respectively, driven by positive trends in domestic demand and respective 15.1% year-on-year increase in capacities.

On international routes, Group traffic and RPKs were down by 12.8% and 9.1% year-on-year, respectively, in June 2015. This decline was attributable to a 12.1% year-on-year decrease in ASKs on international routes, as the Group continued to optimise capacities in its subsidiaries (mainly in the charter flights segment) and reallocate capacity to domestic routes.

Aeroflot airline’s traffic and RPKs on international routes increased by 9.1% and 10.7% year-on-year, respectively, in June 2015. The Company’s growth on international routes was supported by a decline in competition as several foreign carriers reduced flight frequencies to Russia, as well as by increased international transit traffic through Sheremetyevo airport.

In June 2015, the passenger load factor decreased by 0.1 p.p. year-on-year to 81.1% for the Group and increased by 1.3 p.p. year-on-year to 82.5% for the Company.

Fleet Update

During 6M 2015, Aeroflot airline added four Boeing 737-800s, three Boeing 777-300ERs and four SSJ100s. During the same period, four aircraft were phased out from the Company’s fleet. The net increase in the Company’s fleet amounted to seven aircraft.

During 6M 2015, the Group added eight Boeing 737-800s, one Airbus A319, four SSJ100s and three Boeing 777-300ERs. Four Il-96s, nine Boeing 737-800s and one Airbus A320 were phased out from the Aeroflot Group fleet. The net increase in the Group’s fleet amounted to two aircraft.

As at 30 June 2015, the Group’s fleet included 259 aircraft (excluding helicopters and one An-24 aircraft).


Aeroflot Group operating results

     

June 2015

 		  

June 2014

 		  

Change

 		  

 

 		  

6M 2015

 		  

6M 2014

 		  

Change

 
 

Passengers carried, thousand PAX

 		  

3,727.4

 		  

3,370.8

 		  

10.6%

 		  

 

 		  

17,854.7

 		  

15,665.6

 		  

14.0%

 
 

- international

 		  

1,481.0

 		  

1,699.0

 		  

(12.8%)

 		  

 

 		  

7,558.1

 		  

7,948.1

 		  

(4.9%)

 
 

- domestic

 		  

2,246.4

 		  

1,671.8

 		  

34.4%

 		  

 

 		  

10,296.6

 		  

7,717.5

 		  

33.4%

 
 

Revenue Passenger Kilometres, mln

 		  

9,152.1

 		  

8,605.8

 		  

6.3%

 		  

 

 		  

44,478.8

 		  

40,927.4

 		  

8.7%

 
 

- international

 		  

4,764.0

 		  

5,243.2

 		  

(9.1%)

 		  

 

 		  

25,019.0

 		  

25,786.9

 		  

(3.0%)

 
 

- domestic

 		  

4,388.1

 		  

3,362.6

 		  

30.5%

 		  

 

 		  

19,459.8

 		  

15,140.5

 		  

28.5%

 
 

Available Seat Kilometres, mln

 		  

11,279.3

 		  

10,598.8

 		  

6.4%

 		  

 

 		  

58,788.7

 		  

54,066.4

 		  

8.7%

 
 

- international

 		  

5,860.5

 		  

6,663.8

 		  

(12.1%)

 		  

 

 		  

33,006.9

 		  

34,559.8

 		  

(4.5%)

 
 

- domestic

 		  

5,418.8

 		  

3,935.0

 		  

37.7%

 		  

 

 		  

25,781.8

 		  

19,506.6

 		  

32.2%

 
 

Passenger load factor

 		  

81.1%

 		  

81.2%

 		  

(0.1 p.p.)

 		  

 

 		  

75.7%

 		  

75.7%

 		  

(0.0 p.p.)

 
 

- international

 		  

81.3%

 		  

78.7%

 		  

2.6 p.p.

 		  

 

 		  

75.8%

 		  

74.6%

 		  

1.2 p.p.

 
 

- domestic

 		  

81.0%

 		  

85.5%

 		  

(4.5 p.p.)

 		  

 

 		  

75.5%

 		  

77.6%

 		  

(2.1 p.p.)

 
 

Cargo and mail carried, tonnes

 		  

13,401.3

 		  

12,033.0

 		  

11.4%

 		  

 

 		  

75,257.5

 		  

75,992.7

 		  

(1.0%)

 
 

- international

 		  

7,173.6

 		  

5,914.0

 		  

21.3%

 		  

 

 		  

39,369.4

 		  

40,057.8

 		  

(1.7%)

 
 

- domestic

 		  

6,227.7

 		  

6,119.0

 		  

1.8%

 		  

 

 		  

35,888.1

 		  

35,934.9

 		  

(0.1%)

 
 

Revenue Cargo Tonne Kilometres, mln

 		  

56.6

 		  

51.9

 		  

9.1%

 		  

 

 		  

317.1

 		  

326.0

 		  

(2.7%)

 
 

- international

 		  

34.0

 		  

28.0

 		  

21.4%

 		  

 

 		  

187.4

 		  

187.2

 		  

0.1%

 
 

- domestic

 		  

22.6

 		  

23.9

 		  

(5.4%)

 		  

 

 		  

129.7

 		  

138.8

 		  

(6.6%)

 
 

Revenue Tonne Kilometres, mln

 		  

880.2

 		  

826.5

 		  

6.5%

 		  

 

 		  

4,320.2

 		  

4,009.4

 		  

7.8%

 
 

- international

 		  

462.8

 		  

499.9

 		  

(7.4%)

 		  

 

 		  

2,439.1

 		  

2,508.0

 		  

(2.7%)

 
 

- domestic

 		  

417.4

 		  

326.6

 		  

27.8%

 		  

 

 		  

1,881.1

 		  

1,501.4

 		  

25.3%

 
 

Available Tonne Kilometres, mln

 		  

1,362.9

 		  

1,262.7

 		  

7.9%

 		  

 

 		  

7,081.7

 		  

6,466.2

 		  

9.5%

 
 

- international

 		  

715.8

 		  

789.5

 		  

(9.3%)

 		  

 

 		  

4,081.9

 		  

4,134.5

 		  

(1.3%)

 
 

- domestic

 		  

647.1

 		  

473.2

 		  

36.7%

 		  

 

 		  

2,999.8

 		  

2,331.7

 		  

28.7%

 
 

Revenue load factor

 		  

64.6%

 		  

65.5%

 		  

(0.9 p.p.)

 		  

 

 		  

61.0%

 		  

62.0%

 		  

(1.0 p.p.)

 
 

- international

 		  

64.7%

 		  

63.3%

 		  

1.4 p.p.

 		  

 

 		  

59.8%

 		  

60.7%

 		  

(0.9 p.p.)

 
 

- domestic

 		  

64.5%

 		  

69.0%

 		  

(4.5 p.p.)

 		  

 

 		  

62.7%

 		  

64.4%

 		  

(1.7 p.p.)

 
 

Flight hours for fleet

 		  

76,451

 		  

73,459

 		  

4.1%

 		  

 

 		  

411,986

 		  

383,431

 		  

7.4%

 

 

Aeroflot – Russian Airlines operating results 

     

June 2015

 		  

June 2014

 		  

Change

 		  

 

 		  

6M 2015

 		  

6M 2014

 		  

Change

 
 

Passengers carried, thousand PAX

 		  

2,388.4

 		  

2,132.8

 		  

12.0%

 		  

 

 		  

11,980.5

 		  

10,961.7

 		  

9.3%

 
 

- international

 		  

1,192.8

 		  

1,093.1

 		  

9.1%

 		  

 

 		  

6,356.3

 		  

5,918.2

 		  

7.4%

 
 

- domestic

 		  

1,195.6

 		  

1,039.7

 		  

15.0%

 		  

 

 		  

5,624.2

 		  

5,043.5

 		  

11.5%

 
 

Revenue Passenger Kilometres, mln

 		  

6,671.7

 		  

5,993.1

 		  

11.3%

 		  

 

 		  

34,166.0

 		  

31,171.1

 		  

9.6%

 
 

- international

 		  

4,060.3

 		  

3,666.9

 		  

10.7%

 		  

 

 		  

22,241.1

 		  

20,205.4

 		  

10.1%

 
 

- domestic

 		  

2,611.4

 		  

2,326.2

 		  

12.3%

 		  

 

 		  

11,924.9

 		  

10,965.7

 		  

8.7%

 
 

Available Seat Kilometres, mln

 		  

8,084.9

 		  

7,385.2

 		  

9.5%

 		  

 

 		  

44,418.5

 		  

40,749.4

 		  

9.0%

 
 

- international

 		  

4,964.7

 		  

4,675.4

 		  

6.2%

 		  

 

 		  

29,116.4

 		  

27,065.3

 		  

7.6%

 
 

- domestic

 		  

3,120.2

 		  

2,709.8

 		  

15.1%

 		  

 

 		  

15,302.1

 		  

13,684.1

 		  

11.8%

 
 

Passenger load factor

 		  

82.5%

 		  

81.2%

 		  

1.3 p.p.

 		  

 

 		  

76.9%

 		  

76.5%

 		  

0.4 p.p.

 
 

- international

 		  

81.8%

 		  

78.4%

 		  

3.4 p.p.

 		  

 

 		  

76.4%

 		  

74.7%

 		  

1.7 p.p.

 
 

- domestic

 		  

83.7%

 		  

85.8%

 		  

(2.1 p.p.)

 		  

 

 		  

77.9%

 		  

80.1%

 		  

(2.2 p.p.)

 
 

Cargo and mail carried, tonnes

 		  

11,764.8

 		  

10,354.7

 		  

13.6%

 		  

 

 		  

65,479.0

 		  

66,510.8

 		  

(1.6%)

 
 

- international

 		  

6,961.0

 		  

5,647.3

 		  

23.3%

 		  

 

 		  

38,197.0

 		  

38,670.8

 		  

(1.2%)

 
 

- domestic

 		  

4,803.8

 		  

4,707.4

 		  

2.0%

 		  

 

 		  

27,282.0

 		  

27,840.0

 		  

(2.0%)

 
 

Revenue Cargo Tonne Kilometres, mln

 		  

53.3

 		  

48.9

 		  

9.0%

 		  

 

 		  

296.3

 		  

307.9

 		  

(3.8%)

 
 

- international

 		  

33.6

 		  

27.5

 		  

22.2%

 		  

 

 		  

184.6

 		  

184.1

 		  

0.3%

 
 

- domestic

 		  

19.7

 		  

21.4

 		  

(7.9%)

 		  

 

 		  

111.7

 		  

123.8

 		  

(9.8%)

 
 

Revenue Tonne Kilometres, mln

 		  

653.7

 		  

588.2

 		  

11.1%

 		  

 

 		  

3,371.3

 		  

3,113.3

 		  

8.3%

 
 

- international

 		  

399.0

 		  

357.5

 		  

11.6%

 		  

 

 		  

2,186.3

 		  

2,002.6

 		  

9.2%

 
 

- domestic

 		  

254.7

 		  

230.7

 		  

10.4%

 		  

 

 		  

1,185.0

 		  

1,110.7

 		  

6.7%

 
 

Available Tonne Kilometres, mln

 		  

1,017.3

 		  

921.6

 		  

10.4%

 		  

 

 		  

5,548.1

 		  

5,051.0

 		  

9.8%

 
 

- international

 		  

618.3

 		  

580.6

 		  

6.5%

 		  

 

 		  

3,664.5

 		  

3,349.2

 		  

9.4%

 
 

- domestic

 		  

399.0

 		  

341.0

 		  

17.0%

 		  

 

 		  

1,883.6

 		  

1,701.8

 		  

10.7%

 
 

Revenue load factor

 		  

64.3%

 		  

63.8%

 		  

0.5 p.p.

 		  

 

 		  

60.8%

 		  

61.6%

 		  

(0.8 p.p.)

 
 

- international

 		  

64.5%

 		  

61.6%

 		  

2.9 p.p.

 		  

 

 		  

59.7%

 		  

59.8%

 		  

(0.1 p.p.)

 
 

- domestic

 		  

63.8%

 		  

67.7%

 		  

(3.9 p.p.)

 		  

 

 		  

62.9%

 		  

65.3%

 		  

(2.4 p.p.)

 
 

Flight hours for fleet

 		  

50,469

 		  

47,058

 		  

7.2%

 		  

 

 		  

286,081

 		  

266,194

 		  

7.5%

 

Investor enquiries

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+7 (495) 258-06-86

ir@aeroflot.ru

 

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+7 (495) 752-90-71

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About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2014, Aeroflot carried 23.6 million passengers (34.7 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 1,052 destinations in 177 countries worldwide. Aeroflot operates one of the youngest fleets in the world, numbering 162 Airbus, Boeing and Sukhoi airliners. 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 sixth time in 2015, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant. In 2015 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the fourth time. Find more at www.aeroflot.com.