Aeroflot Group Announces Operating Results for November 2018

26 December 2018

Moscow, 26 December 2018 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for November and 11M 2018[1].

11M 2018 Operating Highlights

In 11M 2018, Aeroflot Group carried 51.4 million passengers, up 10.8% year-on-year. Aeroflot airline carried 32.8 million passengers, a year-on-year increase of 8.5%.

Group and Company RPKs increased by 9.6% and 6.5% year-on-year, respectively. ASKs rose by 9.5% year-on-year for the Group and by 8.0% year-on-year for the Company.

The passenger load factor remained flat year-on-year at 83.2% for Aeroflot Group and decreased by 1.2 p.p. to 81.0% for Aeroflot airline.

November 2018 Operating Highlights

In November 2018, Aeroflot Group carried 4.3 million passengers, a year-on-year increase of 16.2%. Aeroflot airline carried 2.9 million passengers, a year-on-year increase of 13.8%.

Group and Company RPKs were up 14.8% and 9.9% year-on-year, respectively. ASKs rose by 16.5% for Aeroflot Group and by 12.7% for Aeroflot airline.

Aeroflot Group’s passenger load factor was 78.4%, representing a 1.1 percentage point decrease versus the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines decreased by 2.0 percentage points year-on-year to 76.0%.

Fleet update

In November 2018, Aeroflot Group added three Boeing 737-800. One Airbus A321 was phased-out. As of 30 November 2018, the Group fleet had 366 aircraft.

Aeroflot airline added two Boeing 737-800 aircraft as well as phased-out one Airbus A321 aircraft. As of 30 November 2018, the Company fleet had 252 aircraft.

  Net changes in the fleet Number of aircraft[2] as of 30.11.2018
  November 2018 11M 2018
Aeroflot Group +2 +40 366
Aeroflot airline +1 +28 252

Aeroflot Group Operating Results

November 2018 November 2017 Change 11M 2018 11M 2017 Change
Passengers carried, thousand PAX 4,334.1 3,730.4 16.2% 51,374.7 46,371.5 10.8%
- international 1,902.4 1,662.3 14.4% 22,823.9 20,880.2 9.3%
- domestic 2,431.7 2,068.1 17.6% 28,550.8 25,491.2 12.0%
Revenue Passenger Kilometres, mn 11,190.6 9,744.7 14.8% 131,922.4 120,397.1 9.6%
- international 6,658.5 5,896.5 12.9% 76,557.8 71,106.8 7.7%
- domestic 4,532.1 3,848.2 17.8% 55,364.5 49,290.3 12.3%
Available Seat Kilometres, mn 14,273.3 12,249.8 16.5% 158,520.6 144,715.8 9.5%
- international 8,862.0 7,557.8 17.3% 93,905.1 85,707.5 9.6%
- domestic 5,411.3 4,692.0 15.3% 64,615.5 59,008.3 9.5%
Passenger load factor, % 78.4% 79.5% (1.1 p.p.) 83.2% 83.2% -
- international 75.1% 78.0% (2.9 p.p.) 81.5% 83.0% (1.4 p.p.)
- domestic 83.8% 82.0% 1.7 p.p. 85.7% 83.5% 2.2 p.p.
Cargo and mail carried, tonnes 27,660.9 27,456.8 0.7% 275,619.4 246,173.4 12.0%
- international 16,795.2 16,330.8 2.8% 155,033.6 138,246.5 12.1%
- domestic 10,865.6 11,126.1 (2.3%) 120,585.8 107,926.9 11.7%
Revenue Cargo Tonne Kilometres, mn 118.1 122.5 (3.7%) 1,181.8 1,114.8 6.0%
- international 78.5 80.3 (2.3%) 727.6 683.2 6.5%
- domestic 39.5 42.2 (6.3%) 454.2 431.5 5.3%
Revenue Tonne Kilometres, mn 1,125.2 999.5 12.6% 13,054.8 11,950.6 9.2%
- international 677.8 610.9 10.9% 7,617.8 7,082.9 7.6%
- domestic 447.4 388.6 15.1% 5,437.0 4,867.7 11.7%
Available Tonne Kilometres, mn 1,706.1 1,459.4 16.9% 18,742.9 17,363.4 7.9%
- international 1,072.5 907.7 18.1% 11,105.8 10,263.4 8.2%
- domestic 633.7 551.7 14.9% 7,637.2 7,100.0 7.6%
Revenue load factor, % 66.0% 68.5% (2.5 p.p.) 69.7% 68.8% 0.8 p.p.
- international 63.2% 67.3% (4.1 p.p.) 68.6% 69.0% (0.4 p.p.)
- domestic 70.6% 70.4% 0.2 p.p. 71.2% 68.6% 2.6 p.p.
Revenue flights 34,369 29,403 16.9% 376,191 338,474 11.1%
- international 14,677 12,380 18.6% 158,455 140,890 12.5%
- domestic 19,692 17,023 15.7% 217,736 197,584 10.2%
Flight hours 94,524 80,932 16.8% 1,026,695 926,217 10.8%

Aeroflot - Russian Airlines Operating Results

November 2018 November 2017 Change 11M 2018 11M 2017 Change
Passengers carried, thousand PAX 2,932.5 2,575.8 13.8% 32,847.3 30,277.7 8.5%
- international 1,471.9 1,339.5 9.9% 16,733.7 15,801.7 5.9%
- domestic 1,460.6 1,236.3 18.1% 16,113.7 14,476.0 11.3%
Revenue Passenger Kilometres, mn 7,947.2 7,233.9 9.9% 90,062.4 84,573.2 6.5%
- international 5,341.9 4,852.1 10.1% 58,768.6 55,778.2 5.4%
- domestic 2,605.4 2,381.8 9.4% 31,293.8 28,795.0 8.7%
Available Seat Kilometres, mn 10,452.0 9,277.4 12.7% 111,129.2 102,862.7 8.0%
- international 7,279.0 6,386.1 14.0% 74,245.0 68,781.1 7.9%
- domestic 3,173.0 2,891.3 9.7% 36,884.2 34,081.6 8.2%
Passenger load factor, % 76.0% 78.0% (2.0 p.p.) 81.0% 82.2% (1.2 p.p.)
- international 73.4% 76.0% (2.6 p.p.) 79.2% 81.1% (1.9 p.p.)
- domestic 82.1% 82.4% (0.3 p.p.) 84.8% 84.5% 0.3 p.p.
Cargo and mail carried, tonnes 20,677.7 21,991.8 (6.0%) 203,095.5 205,852.4 (1.3%)
- international 15,128.9 15,472.8 (2.2%) 138,175.2 134,690.5 2.6%
- domestic 5,548.8 6,519.0 (14.9%) 64,920.4 71,161.9 (8.8%)
Revenue Cargo Tonne Kilometres, mn 93.2 103.8 (10.2%) 952.7 958.1 (0.6%)
- international 73.6 77.7 (5.3%) 682.1 669.4 1.9%
- domestic 19.6 26.1 (24.8%) 270.6 288.6 (6.2%)
Revenue Tonne Kilometres, mn 808.5 754.8 7.1% 9,058.3 8,569.7 5.7%
- international 554.4 514.3 7.8% 5,971.3 5,689.5 5.0%
- domestic 254.1 240.5 5.7% 3,087.0 2,880.2 7.2%
Available Tonne Kilometres, mn 1,263.4 1,121.7 12.6% 13,366.3 12,548.7 6.5%
- international 902.2 782.4 15.3% 8,996.4 8,433.6 6.7%
- domestic 361.2 339.3 6.5% 4,369.9 4,115.1 6.2%
Revenue load factor, % 64.0% 67.3% (3.3 p.p.) 67.8% 68.3% (0.5 p.p.)
- international 61.4% 65.7% (4.3 p.p.) 66.4% 67.5% (1.1 p.p.)
- domestic 70.3% 70.9% (0.6 p.p.) 70.6% 70.0% 0.6 p.p.
Revenue flights 23,853 20,289 17.6% 248,748 222,822 11.6%
- international 11,656 10,199 14.3% 122,347 110,652 10.6%
- domestic 12,197 10,090 20.9% 126,401 112,170 12.7%
Flight hours 68,297 59,069 15.6% 708,784 642,701 10.3%

[1] Management accounts.

[2] Excluding aircraft leased or subleased out.