Moscow, 6 February 2017 – PJSC Aeroflot (Moscow Exchange ticker: AFLT) today published its financial results for the year ending 31 December 2016 in accordance with Russian Accounting Standards (RAS). RAS results are presented on a non-consolidated basis.
Key results for FY 2016:
Shamil Kurmashov, Deputy CEO for Commerce and Finance, commented:
“Today we have published our Russian Accounting Standards financial results for 2016. The strong financial results were primarily driven by our excellent operational performance, with passenger numbers and the load factor both increasing year-on-year. Aeroflot’s 2016 passenger numbers grew by 11.0% year-on-year, to 29.0 million passengers, while the load factor rose by 2.0 percentage points year-on-year to 81.2%.
Effective capacity management against the backdrop of an overall improvement in the economic situation, combined with income from effective fleet management and with strict cost controls, enabled us to deliver solid financial results, including RAS net income of RUB 30.6 billion for 2016.”