Aeroflot Group Announces Operating Results for June 2018

20 July 2018

Moscow, 20 July 2018 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for June and 6M 2018[1].

6M 2018 Operating Highlights

In 6M 2018, Aeroflot Group carried 24.9 million passengers, up 8.2% year-on-year. Aeroflot airline carried 16.2 million passengers, a year-on-year increase of 6.4%. Group and Company RPKs increased by 7.7% and 5.0% year-on-year, respectively. ASKs rose by 8.5% year-on-year for the Group and by 8.1% year-on-year for the Company. The passenger load factor decreased by 0.6 p.p. year-on-year to 80.0% for Aeroflot Group and by 2.3 p.p. to 78.0% for Aeroflot airline.

June 2018 Operating Highlights

In June 2018, Aeroflot Group carried 5.2 million passengers, a year-on-year increase of 11.4%, underlining the continuation of the trend of accelerating traffic growth. Aeroflot airline carried 3.2 million passengers, a year-on-year increase of 9.6%.

Group and Company RPKs were up 9.4% and 7.2% year-on-year, respectively. ASKs rose by 9.5% for Aeroflot Group and by 9.0% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 11.5% and 9.7% year-on-year, respectively. ASKs grew by 9.2% year-on-year. Company passengers carried and RPKs increased by 11.3% and 7.4% year-on-year, respectively. ASKs grew by 9.8%.

In June 2018, the number of passengers carried on the Group’s international routes increased by 11.2% year-on-year. RPKs grew by 9.2%, while capacity grew by 9.8%. The number of passengers carried by Aeroflot airline on international routes increased by 8.0%. RPKs grew by 7.1%, ASKs by 8.5%.

Aeroflot Group’s passenger load factor was 85.5%, representing a 0.1 percentage point decrease versus the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines declined by 1.4 percentage points year-on-year to 83.7%. The load factor declined less than was the case in previous months, supported by Russia’s hosting of the World Cup during the reporting period.

Fleet update

In June 2018, Aeroflot Group added nine aircraft: two Boeing 777-300ER, two Airbus А320, two Boeing 737-800 and three SSJ100. One Airbus A320 was phased out. As of 30 June 2018, the Group fleet had 350 aircraft.

Aeroflot airline added seven aircraft: one Boeing 777-300ER, two Airbus А320, one Boeing 737-800 и three SSJ100. Two Airbus A320 were phased out. As of 30 June 2018, the Company fleet had 241 aircraft.

  Net changes in the fleet Number of aircraft[2] as of 30.06.2018
  June 2018 6M 2018
Aeroflot Group +8 +24 350
Aeroflot airline +5 +17 241



Aeroflot Group Operating Results

June 2018 June 2017 Change 6M 2018 6M 2017 Change
Passengers carried, thousand PAX 5,243.2 4,706.7 11.4% 24,855.8 22,962.0 8.2%
- international 2,359.7 2,121.6 11.2% 11,059.3 10,245.4 7.9%
- domestic 2,883.5 2,585.1 11.5% 13,796.5 12,716.6 8.5%
Revenue Passenger Kilometres, mln 13,238.0 12,103.0 9.4% 63,986.6 59,392.1 7.7%
- international 7,589.2 6,952.7 9.2% 37,932.2 35,523.3 6.8%
- domestic 5,648.8 5,150.4 9.7% 26,054.4 23,868.8 9.2%
Available Seat Kilometres, mln 15,485.4 14,135.6 9.5% 79,981.6 73,718.9 8.5%
- international 8,969.4 8,166.0 9.8% 47,961.1 43,741.5 9.6%
- domestic 6,516.0 5,969.6 9.2% 32,020.5 29,977.5 6.8%
Passenger load factor, % 85.5% 85.6% (0.1 p.p.) 80.0% 80.6% (0.6 p.p.)
- international 84.6% 85.1% (0.5 p.p.) 79.1% 81.2% (2.1 p.p.)
- domestic 86.7% 86.3% 0.4 p.p. 81.4% 79.6% 1.7 p.p.
Cargo and mail carried, tonnes 24,735.3 21,742.0 13.8% 135,351.0 122,357.2 10.6%
- international 13,165.9 11,715.3 12.4% 76,295.8 68,900.5 10.7%
- domestic 11,569.4 10,026.8 15.4% 59,055.2 53,456.7 10.5%
Revenue Cargo Tonne Kilometres, mln 104.2 98.3 6.0% 581.1 554.1 4.9%
- international 60.9 57.5 5.9% 361.5 341.4 5.9%
- domestic 43.3 40.9 5.9% 219.6 212.7 3.2%
Revenue Tonne Kilometres, mln 1,295.7 1,187.7 9.1% 6,339.9 5,899.4 7.5%
- international 744.0 683.2 8.9% 3,775.4 3,538.5 6.7%
- domestic 551.7 504.4 9.4% 2,564.5 2,361.0 8.6%
Available Tonne Kilometres, mln 1,829.6 1,678.9 9.0% 9,441.0 8,903.6 6.0%
- international 1,051.0 958.6 9.6% 5,675.1 5,288.7 7.3%
- domestic 778.6 720.3 8.1% 3,765.9 3,614.9 4.2%
Revenue load factor, % 70.8% 70.7% 0.1 p.p. 67.2% 66.3% 0.9 p.p.
- international 70.8% 71.3% (0.5 p.p.) 66.5% 66.9% (0.4 p.p.)
- domestic 70.9% 70.0% 0.8 p.p. 68.1% 65.3% 2.8 p.p.
Revenue flights 35,939 32,357 11.1% 191,013 174,858 9.2%
- international 15,081 13,566 11.2% 79,939 72,285 10.6%
- domestic 20,858 18,791 11.0% 111,074 102,573 8.3%
Flight hours for fleet 97,585 88,818 9.9% 521,923 477,239 9.4%

Aeroflot - Russian Airlines Operating Results

June 2018June 2017Change6M 20186M 2017Change
Passengers carried, thousand PAX3,199.42,918.79.6%16,223.015,245.66.4%
- international1,614.21,494.58.0%8,351.38,006.94.3%
- domestic1,585.21,424.211.3%7,871.77,238.78.7%
Revenue Passenger Kilometres, mln8,555.17,978.27.2%44,926.442,800.95.0%
- international5,503.75,136.67.1%29,751.628,565.14.2%
- domestic3,051.42,841.67.4%15,174.814,235.86.6%
Available Seat Kilometres, mln10,217.19,375.49.0%57,624.853,289.28.1%
- international6,695.66,168.78.5%38,817.935,891.28.2%
- domestic3,521.53,206.79.8%18,806.917,398.08.1%
Passenger load factor, %83.7%85.1%(1.4 p.p.)78.0%80.3%(2.3 p.p.)
- international82.2%83.3%(1.1 p.p.)76.6%79.6%(3.0 p.p.)
- domestic86.7%88.6%(1.9 p.p.)80.7%81.8%(1.1 p.p.)
Cargo and mail carried, tonnes17,223.917,946.4(4.0%)101,549.9104,195.6(2.5%)
- international11,424.311,503.9(0.7%)68,722.367,699.01.5%
- domestic5,799.76,442.5(10.0%)32,827.536,496.6(10.1%)
Revenue Cargo Tonne Kilometres, mln80.682.2(1.9%)478.7483.2(0.9%)
- international56.256.5(0.5%)340.2336.01.2%
- domestic24.425.8(5.2%)138.5147.2(5.9%)
Revenue Tonne Kilometres, mln850.6800.36.3%4,522.04,335.34.3%
- international551.5518.86.3%3,017.82,906.83.8%
- domestic299.0281.56.2%1,504.21,428.55.3%
Available Tonne Kilometres, mln1,230.31,132.78.6%6,920.26,536.95.9%
- international807.4744.18.5%4,692.54,434.05.8%
- domestic422.9388.68.8%2,227.82,102.95.9%
Revenue load factor, %69.1%70.7%(1.6 p.p.)65.3%66.3%(1.0 p.p.)
- international68.3%69.7%(1.4 p.p.)64.3%65.6%(1.3 p.p.)
- domestic70.7%72.4%(1.7 p.p.)67.5%67.9%(0.4 p.p.)
Revenue flights22,92420,48211.9%127,381115,74510.1%
- international11,06910,1299.3%63,01757,9058.8%
- domestic11,85510,35314.5%64,36457,84011.3%
Flight hours for fleet64,34158,6549.7%365,411334,9349.1%

[1] Management accounts.

[2] Excluding aircraft leased or subleased out.