Aeroflot Group Announces Operating Results for April 2017

24 May 2017

Moscow, 24 May 2017 – Today, Aeroflot PJSC (Moscow Exchange ticker: AFLT) announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for April and the first four months of 2017.

January – April, 2017 Operating Highlights

In the first four months of 2017, Aeroflot Group carried 14.1 million passengers, up 15.9% year-on-year. Aeroflot airline carried 9.6 million passengers, a year-on-year increase of 13.3%.

Group and Company RPKs increased by 18.5% and 12.3% year-on-year, respectively. ASKs rose by 15.4% year-on-year for Aeroflot Group and by 10.0% for Aeroflot airline.

The passenger load factor increased by 2.1 p.p. year-on-year to 79.2% for the Group and by 1.7 p.p. year-on-year to 79.2% for the Company.

April 2017 Operating Highlights

In April 2017, Aeroflot Group carried 3.8 million passengers, up 20.9% year-on-year. Aeroflot airline carried 2.6 million passengers, a year-on-year increase of 15.3%.

Group and Company RPKs increased by 23.0% and 13.2% year-on-year, respectively. ASKs rose by 18.1% year-on-year for Aeroflot Group and by 9.1% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 14.4% and 13.4% year-on-year, respectively. ASKs grew by 14.7% year-on-year. Company passengers carried and RPKs on domestic routes were up 10.0% and 4.0% year-on-year, respectively. ASKs grew by 4.3%.

In April 2017, the number of passengers carried on the Group’s international routes increased by 30.0% year-on-year. RPKs increased by 30.5%, while capacity grew by 20.5%. The number of passengers carried by Aeroflot airline on international routes increased by 20.7%. RPKs increased by 18.4%, and ASKs by 11.7%. Growth in the international segment was driven by the stable demand in line with the strengthening ruble, increased flight frequencies and the launch of flights to new international destinations, as well as the development of Rossiya’s partnerships with tour operators and of Pobeda’s international route network.

As a result of these factors, the passenger load factor increased by 3.3 p.p. year-on-year to 82.7% for the Group (by 6.4 p.p. year-on-year to 84.0% for international routes). The slight 0.9 p.p. decrease of domestic flights has to do with last year’s significant growth and the according basis of comparison. For the company the passenger load factor increased by 3.0 p.p. year-on-year to 83.5%.

Fleet Update

In April 2017, the Group added five aircraft: two Boeing 737-800 and three Airbus A320. At the same time, one 737-800 was phased out of the Aeroflot Group fleet. Overall, the fleet of the Group increased by four aircraft in April 2017. As of 30 April 2017, the Group had 295 aircraft (excluding one An-24 which was leased out and five An-148 which were subleased).

In April 2017, Aeroflot Airline added five aircraft: two Boeing 737-800 and three Airbus A320. Overall, the fleet of the Group increased by five aircraft in April 2017, bringing the total fleet to 196 aircraft as of 30 April 2017.

Aeroflot Group Operating Results

April
2017
April
2016
Change 4 months 2017 4 months 2016 Change
Passengers carried, thousand PAX 3,847.2 3,183.3 20.9% 14,148.7 12,204.0 15.9%
- international 1,705.0 1,311.3 30.0% 6,282.6 5,027.2 25.0%
- domestic 2,142.2 1,872.0 14.4% 7,866.1 7,176.8 9.6%
Revenue Passenger Kilometres, mln 9,937.5 8,077.2 23.0% 36,870.5 31,101.8 18.5%
- international 5,939.3 4,552.5 30.5% 22,470.3 18,013.8 24.7%
- domestic 3,998.2 3,524.7 13.4% 14,400.2 13,088.0 10.0%
Available Seat Kilometres, mln 12,016.6 10,176.7 18.1% 46,526.6 40,319.8 15.4%
- international 7,068.6 5,864.5 20.5% 27,915.2 23,881.9 16.9%
- domestic 4,948.0 4,312.2 14.7% 18,611.4 16,437.9 13.2%
Passenger load factor, % 82.7% 79.4% 3.3 p.p. 79.2% 77.1% 2.1 p.p.
- international 84.0% 77.6% 6.4 p.p. 80.5% 75.4% 5.1 p.p.
- domestic 80.8% 81.7% (0.9 p.p.) 77.4% 79.6% (2.2 p.p.)
Cargo and mail carried, tonnes 21,957.5 16,153.2 35.9% 79,141.1 54,612.1 44.9%
- international 12,253.5 7,604.6 61.1% 45,042.8 26,104.4 72.5%
- domestic 9,704.0 8,548.6 13.5% 34,098.3 28,507.7 19.6%
Revenue Cargo Tonne Kilometres, mln 98.9 71.1 39.1% 357.7 236.0 51.6%
- international 61.0 35.7 70.9% 223.5 122.2 82.9%
- domestic 37.9 35.4 7.1% 134.2 113.8 17.9%
Revenue Tonne Kilometres, mln 993.2 798.0 24.5% 3,676.0 3,035.1 21.1%
- international 595.5 445.4 33.7% 2,245.7 1,743.4 28.8%
- domestic 397.7 352.6 12.8% 1,430.3 1,291.7 10.7%
Available Tonne Kilometres, mln 1,441.6 1,236.0 16.6% 5,662.5 4,897.6 15.6%
- international 848.0 720.7 17.7% 3,417.6 2,966.2 15.2%
- domestic 593.6 515.3 15.2% 2,244.9 1,931.4 16.2%
Revenue load factor, % 68.9% 64.6% 4.3 p.p. 64.9% 62.0% 2.9 p.p.
- international 70.2% 61.8% 8.4 p.p. 65.7% 58.8% 6.9 p.p.
- domestic 67.0% 68.4% (1.4 p.p.) 63.7% 66.9% (3.2 p.p.)
Revenue flights 29,043 25,566 13.6% 111,393 101,236 10.0%
- international 11,976 10,407 15.1% 45,741 40,973 11,6%
- domestic 17,067 15,159 12.6% 65,652 60,263 8,9%
Flight hours for fleet 79,141 69,435 14.0% 304,100 274,330 10,9%

Aeroflot – Russian Airlines Operating Results

April
2017
April
2016
Change 4 months 2017 4 months 2016 Change
Passengers carried, thousand PAX 2,624.3 2,275.2 15.3% 9,639.6 8,504.6 13.3%
- international 1,371.2 1,135.7 20.7% 5,124.8 4,343.8 18.0%
- domestic 1,253.1 1,139.5 10.0% 4,514.8 4,160.8 8,5%
Revenue Passenger Kilometres, mln 7,372.9 6,516.0 13.2% 27,431.7 24,420.4 12.3%
- international 4,887.4 4,127.1 18.4% 18,647.3 15,918.9 17.1%
- domestic 2,485.5 2,388.9 4.0% 8,784.4 8,501.5 3.3%
Available Seat Kilometres, mln 8,824.8 8,090.6 9.1% 34,630.1 31,493.6 10.0%
- international 5,861.1 5,248.0 11.7% 23,584.5 21,112.6 11.7%
- domestic 2,963.7 2,842.6 4.3% 11,045.6 10,381.0 6.4%
Passenger load factor, % 83.5% 80.5% 3.0 p.p. 79.2% 77.5% 1.7 p.p.
- international 83.4% 78.6% 4.8 p.p. 79.1% 75.4% 3.7 p.p.
- domestic 83.9% 84.0% (0.1 p.p.) 79.5% 81.9% (2.4 p.p.)
Cargo and mail carried, tonnes 18,986.2 14,651.7 29.6% 67,817.0 48,266.2 40.5%
- international 12,027.8 7,456.4 61.3% 44,274.7 25,364.2 74.6%
- domestic 6,958.4 7,195.3 (3.3%) 23,542.3 22,902.0 2.8%
Revenue Cargo Tonne Kilometres, mln 88.4 68.3 29.4% 314.6 224.4 40.2%
- international 59.9 35.3 69.7% 220.1 120.7 82.4%
- domestic 28.5 33.0 (13.6%) 94.5 103.7 (8.9%)
Revenue Tonne Kilometres, mln 752.0 654.7 14.9% 2,783.4 2,422.3 14.9%
- international 499.8 406.8 22.9% 1,898.3 1,553.4 22.2%
- domestic 252.2 247.9 1.7% 885.1 868.9 1.9%
Available Tonne Kilometres, mln 1,072.0 1,009.9 6.1% 4,276.0 3,928.0 8.9%
- international 715.0 653.5 9.4% 2,941.9 2,641.5 11.4%
- domestic 357.0 356.4 0.2% 1,334.1 1,286.5 3.7%
Revenue load factor, % 70.1% 64.8% 5.3 p.p. 65.1% 61.7% 3.4 p.p.
- international 69.9% 62.2% 7.7 p.p. 64.5% 58.8% 5.7 p.p.
- domestic 70.6% 69.6% 1.0 p.p. 66.3% 67.5% (1.2 p.p.)
Revenue flights 19,369 17,631 9.9% 74,876 68,573 9.2%
- international 9,613 8,721 10.2% 37,642 34,640 8.7%
- domestic 9,756 8,910 9.5% 37,234 33,933 9.7%
Flight hours for fleet 55,955 51,299 9.1% 217,978 200,645 8.6%