Aeroflot Group Announces Operating Results for April 2018

21 May 2018

 

Moscow, 21 May 2018 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for April and 4M 2018[1].

January – April 2018 Operating Highlights

In 4M 2018, Aeroflot Group carried 15.2 million passengers, up 7.2% year-on-year. Aeroflot airline carried 10.2 million passengers, a year-on-year increase of 6.0%. Group and Company RPKs increased by 7.2% and 4.9% year-on-year, respectively. ASKs rose by 7.4% year-on-year for the Group and by 7.5% year-on-year for the Company. The passenger load factor decreased by 0.2 p.p. year-on-year to 79.1% for Aeroflot Group and by 2.0 p.p. to 77.2% for Aeroflot airline.

April 2018 Operating Highlights

In April 2018, Aeroflot Group carried 4.2 million passengers, up 8.8% year-on-year. Aeroflot airline carried 2.8 million passengers, a year-on-year increase of 7.5%.

Group and Company RPKs were up 8.4% and 5.6% year-on-year, respectively. ASKs rose by 11.0% for Aeroflot Group and by 11.3% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 9.0% and 10.8% year-on-year, respectively. ASKs grew by 8.9% year-on-year. Company passengers carried and RPKs increased by 10.2% and 8.6% year-on-year, respectively. ASKs grew by 11.0%.

In April 2018, the number of passengers carried on the Group’s international routes increased by 8.6% year-on-year. RPKs grew by 6.8%, while capacity grew by 12.6%. The number of passengers carried by Aeroflot airline on international routes increased by 4.9%. RPKs grew by 4.1%, ASKs by 11.4%.

The passenger load factor decreased by 2.0 p.p. year-on-year to 80.7% for Aeroflot Group and by 4.2 p.p. to 79.3% for Aeroflot airline. The significant increase in the passenger load factor in April 2017 driven by appreciation of the rouble created a high base factor, leading to a non-material normalisation of this indicator in the April 2018 reporting period. (In April 2017, the passenger load factor increased by 3.3 p.p. year-on-year for the Group and by 3.0 p.p. year-on-year for the Company).

Fleet update

In April 2018, Aeroflot Group added five aircraft: two Airbus A320, two Boeing 737-800 and one Boeing 777-300. One Airbus A321 was phased out. As of 30 April 2018, the Group fleet had 340 aircraft[2].

Aeroflot airline added four aircraft: two Airbus A320 and two Boeing 737-800. One Airbus A321 was phased out. As of 30 April 2018, the Company fleet had 235 aircraft.

  Net changes in the fleet Number of aircraft[2] as of 30.04.2018
  April 2018 4M 2018
Aeroflot Group +4 +14 340
Aeroflot airline +3 +11 235

Aeroflot Group Operating Results

April
2018
April
2017
Change 4M 2018 4M 2017 Change
Passengers carried, thousand PAX 4,185.3 3,847.1 8.8% 15,170.5 14,148.6 7.2%
- international 1,851.3 1,705.0 8.6% 6,739.1 6,282.7 7.3%
- domestic 2,334.1 2,142.1 9.0% 8,431.4 7,865.9 7.2%
Revenue Passenger Kilometres, mln 10,773.3 9,937.1 8.4% 39,516.3 36,870.6 7.2%
- international 6,343.8 5,939.3 6.8% 23,911.5 22,470.3 6.4%
- domestic 4,429.5 3,997.8 10.8% 15,604.8 14,400.4 8.4%
Available Seat Kilometres, mln 13,343.7 12,016.1 11.0% 49,967.3 46,526.1 7.4%
- international 7,957.3 7,068.5 12.6% 30,461.2 27,915.2 9.1%
- domestic 5,386.3 4,947.6 8.9% 19,506.1 18,610.9 4.8%
Passenger load factor, % 80.7% 82.7% (2.0 p.p.) 79.1% 79.2% (0.2 p.p.)
- international 79.7% 84.0% (4.3 p.p.) 78.5% 80.5% (2.0 p.p.)
- domestic 82.2% 80.8% 1.4 p.p. 80.0% 77.4% 2.6 p.p.
Cargo and mail carried, tonnes 23,997.4 21,956.7 9.3% 86,663.6 79,136.8 9.5%
- international 13,723.6 12,253.0 12.0% 49,734.0 45,041.6 10.4%
- domestic 10,273.7 9,703.8 5.9% 36,929.6 34,095.3 8.3%
Revenue Cargo Tonne Kilometres, mln 104.2 98.8 5.4% 374.8 357.6 4.8%
- international 66.4 60.9 8.9% 237.8 223.4 6.4%
- domestic 37.8 37.9 (0.3%) 137.0 134.2 2.1%
Revenue Tonne Kilometres, mln 1,073.8 993.2 8.1% 3,931.2 3,675.9 6.9%
- international 637.3 595.5 7.0% 2,389.8 2,245.8 6.4%
- domestic 436.4 397.7 9.7% 1,541.4 1,430.3 7.8%
Available Tonne Kilometres, mln 1,572.7 1,441.5 9.1% 5,900.2 5,662.4 4.2%
- international 941.8 848.0 11.1% 3,624.6 3,417.6 6.1%
- domestic 630.8 593.5 6.3% 2,275.6 2,244.8 1.4%
Revenue load factor, % 68.3% 68.9% (0.6 p.p.) 66.6% 64.9% 1.7 p.p.
- international 67.7% 70.2% (2.6 p.p.) 65.9% 65.7% 0.2 p.p.
- domestic 69.2% 67.0% 2.2 p.p. 67.7% 63.7% 4.0 p.p.
Revenue flights 32,028 29,042 10.3% 120,566 111,392 8.2%
- international 13,428 11,976 12.1% 50,297 45,741 10.0%
- domestic 18,600 17,066 9.0% 70,269 65,651 7.0%
Flight hours for fleet 87,998 79,136 11.2% 329,952 304,095 8.5%

Aeroflot - Russian Airlines Operating Results

April
2018
April
2017
Change 4M 2018 4M 2017 Change
Passengers carried, thousand PAX 2,819.9 2,624.3 7.5% 10,213.9 9,639.6 6.0%
- international 1,439.1 1,371.2 4.9% 5,338.5 5,124.8 4.2%
- domestic 1,380.9 1,253.1 10.2% 4,875.4 4,514.8 8.0%
Revenue Passenger Kilometres, mln 7,787.2 7,372.9 5.6% 28,762.4 27,431.7 4.9%
- international 5,088.5 4,887.4 4.1% 19,413.2 18,647.3 4.1%
- domestic 2,698.6 2,485.5 8.6% 9,349.3 8,784.4 6.4%
Available Seat Kilometres, mln 9,819.0 8,824.8 11.3% 37,238.2 34,630.1 7.5%
- international 6,529.8 5,861.1 11.4% 25,441.8 23,584.5 7.9%
- domestic 3,289.2 2,963.7 11.0% 11,796.5 11,045.6 6.8%
Passenger load factor, % 79.3% 83.5% (4.2 p.p.) 77.2% 79.2% (2.0 p.p.)
- international 77.9% 83.4% (5.5 p.p.) 76.3% 79.1% (2.8 p.p.)
- domestic 82.0% 83.9% (1.9 p.p.) 79.3% 79.5% (0.2 p.p.)
Cargo and mail carried, tonnes 18,596.0 18,986.2 (2.1%) 66,143.8 67,817.0 (2.5%)
- international 12,518.9 12,027.8 4.1% 45,284.2 44,274.7 2.3%
- domestic 6,077.1 6,958.4 (12.7%) 20,859.6 23,542.3 (11.4%)
Revenue Cargo Tonne Kilometres, mln 88.0 88.4 (0.5%) 312.4 314.6 (0.7%)
- international 62.7 59.9 4.7% 224.9 220.1 2.2%
- domestic 25.3 28.5 (11.4%) 87.6 94.5 (7.3%)
Revenue Tonne Kilometres, mln 788.8 752.0 4.9% 2,901.1 2,783.4 4.2%
- international 520.7 499.8 4.2% 1,972.0 1,898.3 3.9%
- domestic 268.1 252.2 6.3% 929.0 885.1 5.0%
Available Tonne Kilometres, mln 1,176.8 1,072.0 9.8% 4,468.3 4,276.0 4.5%
- international 786.3 715.0 10.0% 3,083.2 2,941.9 4.8%
- domestic 390.4 357.0 9.4% 1,385.1 1,334.1 3.8%
Revenue load factor, % 67.0% 70.1% (3.1 p.p.) 64.9% 65.1% (0.2 p.p.)
- international 66.2% 69.9% (3.7 p.p.) 64.0% 64.5% (0.5 p.p.)
- domestic 68.7% 70.6% 1.9 p.p.) 67.1% 66.3% 0.8 p.p.
Revenue flights 21,628 19,369 11.7% 81,860 74,876 9.3%
- international 10,656 9,613 10.8% 40,915 37,642 8.7%
- domestic 10,972 9,756 12.5% 40,945 37,234 10.0%
Flight hours for fleet 62,159 55,955 11.1% 236,737 217,978 8.6%

[1] Management accounts.

[2] Excluding aircraft leased or subleased out.