Aeroflot Group Announces Operating Results for September 2018

22 October 2018

Moscow, 22 October 2018 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for September and 9M 2018[1].

9M 2018 Operating Highlights

In 9M 2018, Aeroflot Group carried 42.2 million passengers, up 10.2% year-on-year. Aeroflot airline carried 26.8 million passengers, a year-on-year increase of 8.0%. Group and Company RPKs increased by 9.1% and 6.3% year-on-year, respectively. ASKs rose by 9.0% year-on-year for the Group and by 7.8% year-on-year for the Company. The passenger load factor increased by 0.1 p.p. year-on-year to 83.8% for Aeroflot Group and decreased by 1.2 p.p. to 81.6% for Aeroflot airline.

September 2018 Operating Highlights

In September 2018, Aeroflot Group carried 5.4 million passengers, a year-on-year increase of 12.9%. Aeroflot airline carried 3.3 million passengers, a year-on-year increase of 10.1%.

Group and Company RPKs were up 11.4% and 8.7% year-on-year, respectively. ASKs rose by 9.1% for Aeroflot Group and by 6.9% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 15.2% and 15.1% year-on-year, respectively. ASKs grew by 10.9% year-on-year. Company passengers carried and RPKs increased by 13.1% and 11.9% year-on-year, respectively. ASKs grew by 7.8%.

In September 2018, the number of passengers carried on the Group’s international routes increased by 10.3% year-on-year. RPKs grew by 8.6%, while capacity grew by 7.8%. The number of passengers carried by Aeroflot airline on international routes increased by 7.3%. RPKs grew by 7.0%, ASKs by 6.4%.

Aeroflot Group’s passenger load factor was 87.2%, representing a 1.8 percentage point increase versus the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines increased by 1.5 percentage points year-on-year to 85.5%.

Fleet update

In September 2018, Aeroflot Group added four aircraft: one SSJ100, one Boeing 737-800, one Airbus А320 and one Boeing 777-300. One Boeing 737-800 was phased out. As of 30 September 2018, the Group fleet had 361 aircraft.

Aeroflot airline added two aircraft: one SSJ100 and one Airbus А320. As of 30 September 2018, the Company fleet had 250 aircraft.

  Net changes in the fleet Number of aircraft[2] as of 30.09.2018
  September 2018 9M 2018
Aeroflot Group +3 +35 361
Aeroflot airline +2 +26 250

Aeroflot Group Operating Results

September 2018 September 2017 Change 9M 2018 9M 2017 Change
Passengers carried, thousand PAX 5,406.6 4,787.2 12.9% 42,248.8 38,339.6 10.2%
- international 2,408.0 2,183.3 10.3% 18,759.0 17,220.5 8.9%
- domestic 2,998.6 2,603.8 15.2% 23,489.8 21,119.0 11.2%
Revenue Passenger Kilometres, mn 13,915.0 12,495.0 11.4% 108,428.0 99,381.6 9.1%
- international 7,803.0 7,184.8 8.6% 62,725.3 58,407.6 7.4%
- domestic 6,112.0 5,310.2 15.1% 45,702.7 40,974.2 11.5%
Available Seat Kilometres, mn 15,957.8 14,627.9 9.1% 129,392.6 118,753.7 9.0%
- international 9,139.4 8,481.4 7.8% 76,179.8 69,819.7 9.1%
- domestic 6,818.4 6,146.5 10.9% 53,212.8 48,933.9 8.7%
Passenger load factor, % 87.2% 85.4% 1.8 p.p. 83.8% 83.7% 0.1 p.p.
- international 85.4% 84.7% 0.7 p.p. 82.3% 83.7% (1.3 p.p.)
- domestic 89.6% 86.4% 3.2 p.p. 85.9% 83.7% 2.2 p.p.
Cargo and mail carried, tonnes 28,282.0 23,872.9 18.5% 218,618.7 191,502.7 14.2%
- international 14,991.5 13,427.2 11.7% 121,327.5 106,715.1 13.7%
- domestic 13,290.4 10,445.7 27.2% 97,291.2 84,787.6 14.7%
Revenue Cargo Tonne Kilometres, mn 121.5 110.1 10.4% 938.5 872.2 7.6%
- international 69.2 67.0 3.3% 571.7 529.9 7.9%
- domestic 52.4 43.0 21.8% 366.8 342.4 7.1%
Revenue Tonne Kilometres, mn 1,373.9 1,234.6 11.3% 10,697.0 9,816.5 9.0%
- international 771.4 713.6 8.1% 6,216.9 5,786.5 7.4%
- domestic 602.5 521.0 15.6% 4,480.1 4,030.0 11.2%
Available Tonne Kilometres, mn 1,888.1 1,744.0 8.3% 15,283.3 14,276.3 7.1%
- international 1,074.1 1,001.8 7.2% 8,985.4 8,373.2 7.3%
- domestic 814.0 742.2 9.7% 6,297.9 5,903.1 6.7%
Revenue load factor, % 72.8% 70.8% 2.0 p.p. 70.0% 68.8% 1.2 p.p.
- international 71.8% 71.2% 0.6 p.p. 69.2% 69.1% 0.1 p.p.
- domestic 74.0% 70.2% 3.8 p.p. 71.1% 68.3% 2.9 p.p.
Revenue flights 37,238 33,200 12.2% 305,730 276,779 10.5%
- international 15,798 13,907 13.6% 128,358 114,732 11.9%
- domestic 21,440 19,293 11.1% 177,372 162,047 9.5%
Flight hours for fleet 101,873 91,310 11.6% 833,776 756,305 10.2%

Aeroflot - Russian Airlines Operating Results

September 2018 September 2017 Change 9M 2018 9M 2017 Change
Passengers carried, thousand PAX 3,298.7 2,995.8 10.1% 26,770.2 24,789.4 8.0%
- international 1,660.0 1,547.1 7.3% 13,687.8 12,957.0 5.6%
- domestic 1,638.7 1,448.7 13.1% 13,082.5 11,832.4 10.6%
Revenue Passenger Kilometres, mn 9,005.9 8,281.5 8.7% 73,525.1 69,172.7 6.3%
- international 5,717.6 5,343.3 7.0% 47,958.3 45,620.2 5.1%
- domestic 3,288.3 2,938.2 11.9% 25,566.8 23,552.5 8.6%
Available Seat Kilometres, mn 10,534.7 9,858.5 6.9% 90,087.8 83,556.1 7.8%
- international 6,880.0 6,467.0 6.4% 60,054.0 55,788.0 7.6%
- domestic 3,654.8 3,391.5 7.8% 30,033.8 27,768.1 8.2%
Passenger load factor, % 85.5% 84.0% 1.5 p.p. 81.6% 82.8% (1.2 p.p.)
- international 83.1% 82.6% 0.5 p.p. 79.9% 81.8% (1.9 p.p.)
- domestic 90.0% 86.6% 3.4 p.p. 85.1% 84.8% 0.3 p.p.
Cargo and mail carried, tonnes 19,898.1 20,039.3 (0.7%) 160,095.9 161,841.7 (1.1%)
- international 12,994.7 13,207.7 (1.6%) 108,040.3 104,802.0 3.1%
- domestic 6,903.4 6,831.6 1.1% 52,055.6 57,039.7 (8.7%)
Revenue Cargo Tonne Kilometres, mn 93.1 93.5 (0.4%) 754.8 751.5 0.4%
- international 63.7 66.0 (3.5%) 535.2 521.1 2.7%
- domestic 29.4 27.5 7.2% 219.5 230.4 (4.7%)
Revenue Tonne Kilometres, mn 903.6 838.8 7.7% 7,372.0 6,977.0 5.7%
- international 578.3 546.9 5.7% 4,851.5 4,626.9 4.9%
- domestic 325.4 291.9 11.5% 2,520.5 2,350.1 7.3%
Available Tonne Kilometres, mn 1,270.1 1,196.4 6.2% 10,824.9 10,215.8 6.0%
- international 832.7 785.0 6.1% 7,253.4 6,852.6 5.8%
- domestic 437.3 411.4 6.3% 3,571.5 3,363.2 6.2%
Revenue load factor, % 71.1% 70.1% 1.0 p.p. 68.1% 68.3% (0.2 p.p.)
- international 69.4% 69.7% (0.3 p.p.) 66.9% 67.5% (0.6 p.p.)
- domestic 74.4% 71.0% 3.4 p.p. 70.6% 69.9% 0.7 p.p.
Revenue flights 23,930 21,293 12.4% 200,651 180,689 11.0%
- international 11,733 10,438 12.4% 98,963 89,744 10.3%
- domestic 12,197 10,855 12.4% 101,688 90,945 11.8%
Flight hours for fleet 67,734 61,039 11.0% 572,003 520,666 9.9%

[1] Management accounts.

[2] Excluding aircraft leased or subleased out.