Aeroflot Group Announces Operating Results for February 2017

23 March 2017

Moscow, 23 March 2017 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for February and the first two months of 2017.

2M 2017 Operating Highlights

In the first two months of 2017, Aeroflot Group carried 6.7 million passengers, up 14.0% year-on-year. Aeroflot airline carried 4.5 million passengers, a year-on-year increase of 13.1%.

Group and Company RPKs increased by 17.1% and 12.7% year-on-year, respectively. ASKs rose by 13.9% year-on-year for Aeroflot Group and by 10.3% for Aeroflot airline.

The passenger load factor increased by 2.1 p.p. year-on-year to 77.2% for the Group and by 1.6 p.p. year-on-year to 76.8% for the Company.

February 2017 Operating Highlights

In February 2017, Aeroflot Group carried 3.2 million passengers, up 12.6% year-on-year. Aeroflot airline carried 2.2 million passengers, a year-on-year increase of 11.3%.

Group and Company RPKs increased by 14.7% and 10.6% year-on-year, respectively. ASKs rose by 12.2% year-on-year for Aeroflot Group and by 8.9% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 6.0% and 6.4% year-on-year, respectively. ASKs grew by 9.4% year-on-year. Company passengers carried and RPKs on domestic routes were up 6.1% and 0.6% year-on-year, respectively. ASKs grew by 4.6%.

In February 2017, the number of passengers carried on the Group’s international routes increased by 22.4% year-on-year. RPKs increased by 20.9%, while capacity grew by 14.2%. The number of passengers carried by Aeroflot airline on international routes increased by 16.4%. RPKs increased by 15.9%, and ASKs by 11.0%. Growth in the international segment was driven by the stable macroeconomic situation, increased flight frequencies and the launch of flights to new international destinations, as well as the development of Rossiya’s charter programme and of Pobeda’s international route network.

As a result of these factors, the passenger load factor increased by 1.7 p.p. year-on-year to 77.8% for the Group and by 1.2 p.p. year-on-year to 77.6% for the Company.

Fleet Update

In February 2017, the Group added one Boeing 737-800. One Airbus A320 and one An-148 were phased out of the Aeroflot Group fleet. In 2M 2017 the Group fleet increased by three aircraft, bringing the fleet size to 292 aircraft (excluding one An-24 which was leased out) as of 28 February 2017.

Aeroflot Airline added one Boeing 737-800. One Airbus A320 was phased out, bringing the total fleet to 190 aircraft as of 28 February 2017.

Aeroflot Group Operating Results

February
2017
February
2016
Change  2M 2017 2M 2016 Change
Passengers carried, thousand PAX 3,229.6 2,868.4 12.6% 6,650.5 5,832.9 14.0%
- international 1,415.6 1,157.0 22.4% 2,974.2 2,397.8 24.0%
- domestic 1,814.0 1,711.4 6.0% 3,676.3 3,435.1 7.0%
Revenue Passenger Kilometres, mln 8,352.5 7,278.9 14.7% 17,443.1 14,901.9 17.1%
- international 5,087.9 4,209.6 20.9% 10,747.2 8,715.2 23.3%
- domestic 3,264.6 3,069.3 6.4% 6,695.9 6,186.7 8.2%
Available Seat Kilometres, mln 10,734.0 9,563.8 12.2% 22,608.3 19,853.4 13.9%
- international 6,445.0 5,643.4 14.2% 13,668.8 11,839.2 15.5%
- domestic 4,289.0 3,920.4 9.4% 8,939.5 8,014.2 11.5%
Passenger load factor, % 77.8% 76.1%  1.7 p.p. 77.2% 75.1% 2.1 p.p.
- international 78.9% 74.6%  4.3 p.p. 78.6% 73.6% 5.0 p.p.
- domestic 76.1% 78.3% (2.2 p.p.) 74.9% 77.2% (2.3 p.p.)
Cargo and mail carried, tonnes 16,948.4 12,705.1 33.4% 33,761.8 23,509.0 43.6%
- international 9,374.0 6,184.1 51.6% 19,328.7 11,549.0 67.4%
- domestic 7,574.4 6,521.0 16.2% 14,433.1 11,960.0 20.7%
Revenue Cargo Tonne Kilometres, mln 76.1 53.5 42.2% 153.0 100.8 51.8%
- international 46.3 28.4 63.0% 95.9 54.1 77.3%
- domestic 29.8 25.1 18.7% 57.1 46.7 22.3%
Revenue Tonne Kilometres, mln 827.8 708.6 16.8% 1,722.9 1,441.8 19.5%
- international 504.2 407.2 23.8% 1,063.2 838.4 26.8%
- domestic 323.6 301.4 7.4% 659.7 603.4 9.3%
Available Tonne Kilometres, mln 1,313.5 1,154.9 13.7% 2,771.2 2,408.0 15.1%
- international 794.0 699.8 13.5% 1,686.7 1,475.7 14.3%
- domestic 519.5 455.1 14.2% 1,084.5 932.3 16.3%
Revenue load factor, % 63.0% 61.4% 1.6 p.p. 62.2% 59.9%  2.3 p.p.
- international 63.5% 58.2% 5.3 p.p. 63.0% 56.8%  6.2 p.p.
- domestic 62.3% 66.2% (3.9 p.p.) 60.8% 64.7% (3.9 p.p.)
Revenue flights 25,873 24,397 6.0% 53,477 49,979 7.0%
- international 10,497 9,712 8.1% 21,987 20,077 9.5%
- domestic 15,376 14,685 4.7% 31,490 29,902 5.3%
Flight hours for fleet 70,468 65,901 6.9% 146,801 135,310 8.5%

Aeroflot – Russian Airlines Operating Results

February
2017
February
2016
Change  2M 2017 2M 2016 Change
Passengers carried, thousand PAX 2,206.8 1,982.5 11.3% 4,509.6 3,987.9 13.1%
- international 1,170.2 1,005.6 16.4% 2,440.1 2,067.6 18.0%
- domestic 1,036.6 976.9 6.1% 2,069.5 1,920.3 7.8%
Revenue Passenger Kilometres, mln 6,247.9 5,649.9 10.6% 12,942.2 11,481.7 12.7%
- international 4,268.6 3,683.1 15.9% 8,943.0 7,579.9 18.0%
- domestic 1,979.3 1,966.8 0.6% 3,999.2 3,901.8 2.5%
Available Seat Kilometres, mln 8,051.2 7,393.5 8.9% 16,856.7 15,277.9 10.3%
- international 5,527.6 4,981.1 11.0% 11,634.7 10,385.3 12.0%
- domestic 2,523.6 2,412.4 4.6% 5,222.0 4,892.6 6.7%
Passenger load factor, % 77.6% 76.4% 1.2 p.p. 76.8% 75.2% 1.6 p.p.
- international 77.2% 73.9%  3.3 p.p. 76.9% 73.0%  3.9 p.p.
- domestic 78.4% 81.5%  (3.1 p.p.) 76.6% 79.7%  (3.1 p.p.)
Cargo and mail carried, tonnes 14,230.8 11,013.4 29.2% 28,622.1 20,511.6 39.5%
- international 9,182.2 5,981.6 53.5% 19,014.3 11,209.8 69.6%
- domestic 5,048.6 5,031.8 0.3% 9,607.8 9,301.8 3.3%
Revenue Cargo Tonne Kilometres, mln 65.1 50.5 28.9% 132.2 95.3 38.7%
- international 45.4 28.0 62.1% 94.6 53.4 77.2%
- domestic 19.7 22.5 (12.4%) 37.6 41.9 (10.3%)
Revenue Tonne Kilometres, mln 627.4 559.0 12.2% 1,297.0 1,128.6 14.9%
- international 429.5 359.5 19.5% 899.5 735.6 22.3%
- domestic 197.9 199.5 (0.8%) 397.5 393.0 1.1%
Available Tonne Kilometres, mln 998.3 917.7 8.8% 2,095.0 1,903.2 10.1%
- international 693.9 621.2 11.7% 1,463.8 1,300.1 12.6%
- domestic 304.4 296.5 2.7% 631.2 603.1 4.7%
Revenue load factor, % 62.8% 60.9%  1.9 p.p. 61.9% 59.3%  2.6 p.p.
- international 61.9% 57.9% 4.0 p.p. 61.4% 56.6% 4.8 p.p.
- domestic 65.0% 67.3%  (2.3 p.p.) 63.0% 65.2%  (2.2 p.p.)
Revenue flights 17,525 16,385 7.0% 36,021 33,373 7.9%
- international 8,789 8,298 5.9% 18,293 17,048 7.3%
- domestic 8,736 8,087 8.0% 17,728 16,325 8.6%
Flight hours for fleet 50,966 47,943 6.3% 105,637 97,954 7.8%