Aeroflot Group Announces Operating Results for May 2017

21 June 2017

Moscow, 21 June 2017 – Today, Aeroflot PJSC (Moscow Exchange ticker: AFLT) announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for May and the first five months of 2017.

January – May, 2017 Operating Highlights

In the first five months of 2017, Aeroflot Group carried 18.3 million passengers, up 15.9% year-on-year. Aeroflot airline carried 12.3 million passengers, a year-on-year increase of 13.1%.

Group and Company RPKs increased by 18.3% and 11.9% year-on-year, respectively. ASKs rose by 15.3% year-on-year for Aeroflot Group and by 9.6% for Aeroflot airline.

The passenger load factor increased by 2.0 p.p. year-on-year to 79.4% for the Group and by 1.6 p.p. year-on-year to 79.3% for the Company.

May 2017 Operating Highlights

In May 2017, Aeroflot Group carried 4.1 million passengers, up 15.8% year-on-year. Aeroflot airline carried 2.7 million passengers, a year-on-year increase of 12.4%.

Group and Company RPKs increased by 17.4% and 10.2% year-on-year, respectively. ASKs rose by 15.1% year-on-year for Aeroflot Group and by 8.5% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 8.4% and 8.6% year-on-year, respectively. ASKs grew by 9.5% year-on-year. Company passengers carried and RPKs on domestic routes were up 6.3% and 1.8% year-on-year, respectively. ASKs grew by 2.1%.

In May 2017, the number of passengers carried on the Group’s international routes increased by 26.3% year-on-year. RPKs increased by 24.6%, while capacity grew by 19.5%. The number of passengers carried by Aeroflot airline on international routes increased by 18.8%. RPKs increased by 15.4%, and ASKs by 12.1%. 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 1.6 p.p. year-on-year to 79.8% for the Group (by 3.2 p.p. year-on-year to 79.6% for international routes). The slight 0.7 p.p. decrease to 80.0% 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 1.2 p.p. year-on-year to 79.6%.

Fleet Update

In May 2017, the Group added three aircraft: two Airbus A321 and one Boeing 737-800. At the same time, two Boeing 737-800 and one Airbus A320 were phased out of the Aeroflot Group fleet. As of 31 May 2017, the Group had 295 aircraft (excluding one An-24 which was leased out and five An-148 which were subleased).

In May 2017, Aeroflot airline added two Airbus A321. At the same time one Airbus A320 were phased out of the Company fleet.  Overall, the fleet of the Aeroflot airline increased by one aircraft in May 2017, bringing the total fleet to 197 aircraft as of 31 May 2017.

Aeroflot Group Operating Results

May
2017
May
2016
Change  5 months 2017 5 months 2016 Change
Passengers carried, thousand PAX 4,106.6 3,547.8 15.8% 18,255.3 15,751.8 15.9%
- international 1,841.1 1,457.4 26.3% 8,123.8 6,484.6 25.3%
- domestic 2,265.5 2,090.4 8.4% 10,131.5 9,267.2 9.3%
Revenue Passenger Kilometres, mln 10,418.4 8,872.6 17.4% 47,288.5 39,974.3 18.3%
- international 6,100.3 4,895.8 24.6% 28,570.6 22,909.6 24.7%
- domestic 4,318.1 3,976.8 8.6% 18,717.9 17,064.7 9.7%
Available Seat Kilometres, mln 13,057.2 11,339.8 15.1% 59,583.4 51,659.6 15.3%
- international 7,660.2 6,411.5 19.5% 35,575.4 30,293.4 17.4%
- domestic 5,397.0 4,928.3 9.5% 24,008.0 21,366.2 12.4%
Passenger load factor, % 79.8% 78.2% 1.6 p.p. 79.4% 77.4% 2.0 p.p.
- international 79.6% 76.4% 3.2 p.p. 80.3% 75.6% 4.7 p.p.
- domestic 80.0% 80.7% (0.7 p.p.) 78.0% 79.9% (1.9 p.p.)
Cargo and mail carried, tonnes 21,468.9 14,842.0 44.6% 100,607.1 69,454.1 44.9%
- international 12,144.6 6,649.1 82.7% 57,186.6 32,753.5 74.6%
- domestic 9,324.3 8,192.9 13.8% 43,420.5 36,700.6 18.3%
Revenue Cargo Tonne Kilometres, mln 98.0 65.3 50.1% 455.7 301.3 51.2%
- international 60.5 30.8 96.4% 283.9 153.0 85.6%
- domestic 37.5 34.5 8.7% 171.8 148.3 15.8%
Revenue Tonne Kilometres, mln 1,035.7 863.8 19.9% 4,711.6 3,899.0 20.8%
- international 609.5 471.4 29.3% 2,855.2 2,214.9 28.9%
- domestic 426.2 392.4 8.6% 1,856.4 1,684.1 10.2%
Available Tonne Kilometres, mln 1,562.3 1,375.0 13.6% 7,224.7 6,272.6 15.2%
- international 912.5 782.1 16.7% 4,330.1 3,748.3 15.5%
- domestic 649.8 592.9 9.6% 2,894.6 2,524.3 14.7%
Revenue load factor, % 66.3% 62.8% 3.5 p.p. 65.2% 62.2% 3.0 p.p.
- international 66.8% 60.3% 6.5 p.p. 65.9% 59.1% 6.8 p.p.
- domestic 65.6% 66.2% (0.6 p.p.) 64.1% 66.7% (2.6 p.p.)
Revenue flights 31,109 28,343 9.8% 142,501 129,579 10.0%
- international 12,978 11,424 13.6% 58,719 52,397 12.1%
- domestic 18,131 16,919 7.2% 83,782 77,182 8.6%
Flight hours for fleet 84,326 77,010 9.5% 388,421 351,340 10.6%

Aeroflot – Russian Airlines Operating Results

May
2017
May
2016
Change  5 months 2017 5 months 2016 Change
Passengers carried, thousand PAX 2,687.3 2,391.0 12.4% 12,326.9 10,895.6 13.1%
- international 1,387.6 1,167.9 18.8% 6,512.4 5,511.7 18.2%
- domestic 1,299.7 1,223.1 6.3% 5,814.5 5,383.9 8.0%
Revenue Passenger Kilometres, mln 7,391.0 6,706.9 10.2% 34,822.7 31,127.3 11.9%
- international 4,781.1 4,143.7 15.4% 23,428.4 20,062.6 16.8%
- domestic 2,609.9 2,563.2 1.8% 11,394.3 11,064.7 3.0%
Available Seat Kilometres, mln 9,283.7 8,557.4 8.5% 43,913.8 40,051.0 9.6%
- international 6,138.0 5,477.8 12.1% 29,722.5 26,590.4 11.8%
- domestic 3,145.7 3,079.6 2.1% 14,191.3 13,460.6 5.4%
Passenger load factor, % 79.6% 78.4% 1.2 p.p. 79.3% 77.7% 1.6 p.p.
- international 77.9% 75.6% 2.3 p.p. 78.8% 75.5% 3.3 p.p.
- domestic 83.0% 83.2% (0.2 p.p.) 80.3% 82.2% (1.9 p.p.)
Cargo and mail carried, tonnes 18,432.2 13,076.8 41.0% 86,249.2 61,343.0 40.6%
- international 11,920.5 6,499.7 83.4% 56,195.1 31,864.1 76.4%
- domestic 6,511.7 6,577.1 (1.0%) 30,054.1 29,478.9 2.0%
Revenue Cargo Tonne Kilometres, mln 86.4 60.8 42.1% 401.0 285.2 40.6%
- international 59.4 30.5 94.8% 279.5 151.2 84.9%
- domestic 27.0 30.3 (10.9%) 121.5 134.0 (9.3%)
Revenue Tonne Kilometres, mln 751.6 664.4 13.1% 3,535.0 3,086.7 14.5%
- international 489.7 403.4 21.4% 2,388.1 1,956.8 22.0%
- domestic 261.9 261.0 0.3% 1,146.9 1,129.9 1.5%
Available Tonne Kilometres, mln 1,128.2 1,070.0 5.4% 5,404.2 4,998.0 8.1%
- international 748.0 682.4 9.6% 3,689.9 3,324.0 11.0%
- domestic 380.2 387.6 (1.9%) 1,714.3 1,674.0 2.4%
Revenue load factor, % 66.6% 62.1% 4.5 p.p. 65.4% 61.8% 3.6 p.p.
- international 65.5% 59.1% 6.4 p.p. 64.7% 58.9% 5.8 p.p.
- domestic 68.9% 67.3% 1.6 p.p. 66.9% 67.5% (0.6 p.p.)
Revenue flights 20,387 18,764 8.6% 95,263 87,337 9.1%
- international 10,134 9,141 10.9% 47,776 43,781 9.1%
- domestic 10,253 9,623 6.5% 47,487 43,556 9.0%
Flight hours for fleet 58,302 53,977 8.0% 276,280 254,622 8.5%