Aeroflot Group Announces Operating Results for March 2017

26 April 2017

Moscow, 26 April 2017 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for March and the first three months of 2017.

3M 2017 Operating Highlights

In the first three months of 2017, Aeroflot Group carried 10.3 million passengers, up 14.2% year-on-year. Aeroflot airline carried 7.0 million passengers, a year-on-year increase of 12.6%.

Group and Company RPKs increased by 17.0% and 12.0% year-on-year, respectively. ASKs rose by 14.5% year-on-year for Aeroflot Group and by 10.3% for Aeroflot airline.

The passenger load factor increased by 1.6 p.p. year-on-year to 78.0% for the Group and by 1.2 p.p. year-on-year to 77.7% for the Company.

March 2017 Operating Highlights

In March 2017, Aeroflot Group carried 3.7 million passengers, up 14.5% year-on-year. Aeroflot airline carried 2.5 million passengers, a year-on-year increase of 11.8%.

Group and Company RPKs increased by 16.7% and 10.8% year-on-year, respectively. ASKs rose by 15.5% year-on-year for Aeroflot Group and by 10.1% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 9.5% and 9.7% year-on-year, respectively. ASKs grew by 14.9% year-on-year. Company passengers carried and RPKs on domestic routes were up 8.3% and 4.0% year-on-year, respectively. ASKs grew by 8.1%.

In March 2017, the number of passengers carried on the Group’s international routes increased by 21.7% year-on-year. RPKs increased by 21.6%, while capacity grew by 16.0%. The number of passengers carried by Aeroflot airline on international routes increased by 15.2%. RPKs increased by 14.4%, and ASKs by 11.1%. 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 0.8 p.p. year-on-year to 79.7% for the Group and by 0.5 p.p. year-on-year to 79.5% for the Company.

Fleet Update

In March 2017, the Group added two Boeing 737-800. One Airbus A320 was phased out of the Aeroflot Group fleet and two An-148 were subleased. As of 31 March 2017 the Group had 291 aircraft (excluding one An-24 which was leased out and five An-148 which were subleased).

Aeroflot Airline added two Boeing 737-800. One Airbus A320 was phased out, bringing the total fleet to 191 aircraft as of 31 March 2017.

Aeroflot Group Operating Results

March
2017
March
2016
Change  3M
2017
3M
2016
Change
Passengers carried, thousand PAX 3,651.1 3,187.7 14.5% 10,301.6 9,020.7 14.2%
- international 1,603.5 1,318.1 21.7% 4,577.7 3,715.9 23.2%
- domestic 2,047.6 1,869.6 9.5% 5,723.9 5,304.8 7.9%
Revenue Passenger Kilometres, mln 9,477.1 8,122.6 16.7% 26,933.0 23,024.6 17.0%
- international 5,771.9 4,746.1 21.6% 16,531.0 13,461.3 22.8%
- domestic 3,705.2 3,376.5 9.7% 10,402.0 9,563.3 8.8%
Available Seat Kilometres, mln 11,889.1 10,289.7 15.5% 34,510.7 30,143.1 14.5%
- international 7,165.5 6,178.2 16.0% 20,846.6 18,017.4 15.7%
- domestic 4,723.6 4,111.5 14.9% 13,664.1 12,125.7 12.7%
Passenger load factor, % 79.7% 78.9% 0.8 p.p. 78.0% 76.4% 1.6 p.p.
- international 80.6% 76.8% 3.8 p.p. 79.3% 74.7% 4.6 p.p.
- domestic 78.4% 82.1% (3.7 p.p.) 76.1% 78.9% (2.8 p.p.)
Cargo and mail carried, tonnes 23,426.1 14,949.9 56.7% 57,184.6 38,458.9 48.7%
- international 13,463.0 6,950.8 93.7% 32,789.2 18,499.8 77.2%
- domestic 9,963.1 7,999.1 24.6% 24,395.4 19,959.1 22.2%
Revenue Cargo Tonne Kilometres, mln 105.8 64.2 64.8% 258.8 164.9 56.9%
- international 66.7 32.4 105.9% 162.5 86.5 87.9%
- domestic 39.1 31.8 23.0% 96.3 78.4 22.8%
Revenue Tonne Kilometres, mln 958.8 795.2 20.6% 2,682.8 2,237.1 19.9%
- international 586.1 459.6 27.5% 1,650.3 1,298.0 27.1%
- domestic 372.7 335.6 11.1% 1,032.5 939.1 9.9%
Available Tonne Kilometres, mln 1,448.4 1,253.5 15.5% 4,221.0 3,661.5 15.3%
- international 881.6 769.7 14.5% 2,569.6 2,245.4 14.4%
- domestic 566.8 483.8 17.2% 1,651.4 1,416.1 16.6%
Revenue load factor, % 66.2% 63.4% 2.8 p.p. 63.6% 61.1% 2.5 p.p.
- international 66.5% 59.7% 6.8 p.p. 64.2% 57.8% 6.4 p.p.
- domestic 65.8% 69.4% (3.6 p.p.) 62.5% 66.3% (3.8 p.p.)
Revenue flights 28,892 25,691 12.5% 82,369 75,670 8.9%
- international 11,779 10,489 12.3% 33,766 30,566 10.5%
- domestic 17,113 15,202 12.6% 48,603 45,104 7.8%
Flight hours for fleet 78,186 69,585 12.4% 224,987 204,895 9.8%

Aeroflot – Russian Airlines Operating Results

March
2017
March
2016
Change  3M
2017
3M
2016
Change
Passengers carried, thousand PAX 2,505.7 2,241.5 11.8% 7,015.3 6,229.4 12.6%
- international 1,313.4 1,140.5 15.2% 3,753.5 3,208.2 17.0%
- domestic 1,192.3 1,101.0 8.3% 3,261.8 3,021.2 8.0%
Revenue Passenger Kilometres, mln 7,116.7 6,422.7 10.8% 20,058.8 17,904.4 12.0%
- international 4,816.9 4,211.8 14.4% 13,759.9 11,791.8 16.7%
- domestic 2,299.8 2,210.9 4.0% 6,298.9 6,112.6 3.0%
Available Seat Kilometres, mln 8,948.6 8,125.0 10.1% 25,805.3 23,403.0 10.3%
- international 6,088.6 5,479.2 11.1% 17,723.3 15,864.6 11.7%
- domestic 2,860.0 2,645.8 8.1% 8,082.0 7,538.4 7.2%
Passenger load factor, % 79.5% 79.0% 0.5 p.p. 77.7% 76.5% 1.2 p.p.
- international 79.1% 76.9% 2.2 p.p. 77.6% 74.3% 3.3 p.p.
- domestic 80.4% 83.6%  (3.2 p.p.) 77.9% 81.1% (3.2 p.p.)
Cargo and mail carried, tonnes 20,208.7 13,102.8 54.2% 48,830.7 33,614.4 45.3%
- international 13,232.5 6,698.1 97.6% 32,246.7 17,907.8 80.1%
- domestic 6,976.2 6,404.7 8.9% 16,584.0 15,706.6 5.6%
Revenue Cargo Tonne Kilometres, mln 94.0 60.9 54.4% 226.1 156.1 44.8%
- international 65.7 31.9 106.0% 160.2 85.3 87.8%
- domestic 28.3 29.0 (2.4%) 65.9 70.8 (6.9%)
Revenue Tonne Kilometres, mln 734.5 638.9 15.0% 2,031.4 1,767.5 14.9%
- international 499.2 411.0 21.5% 1,398.6 1,146.6 22.0%
- domestic 235.3 227.9 3.2% 632.8 620.9 1.9%
Available Tonne Kilometres, mln 1,109.1 1,014.9 9.3% 3,204.0 2,918.1 9.8%
- international 763.2 687.9 10.9% 2,226.9 1,988.0 12.0%
- domestic 345.9 327.0 5.8% 977.1 930.1 5.1%
Revenue load factor, % 66.2% 63.0% 3.2 p.p. 63.4% 60.6% 2.8 p.p.
- international 65.4% 59.7%  5.7 p.p. 62.8% 57.7% 5.1 p.p.
- domestic 68.0% 69.7% (1.7 p.p.) 64.8% 66.8% (2.0 p.p.)
Revenue flights 19,486 17,569 10.9% 55,507 50,942 9.0%
- international 9,736 8,871 9.8% 28,029 25,919 8.1%
- domestic 9,750 8,698 12.1% 27,478 25,023 9.8%
Flight hours for fleet 56,386 51,392 9.7% 162,023 149,346 8.5%