Pobeda announces results for 2018

19 February 2019

19 February 2019, Moscow – Pobeda, the low-cost carrier (LCC) of Aeroflot Group, today announces net profit of RUB 2.0 billion for 2018 according to Russian Accounting Standards (RAS). Revenue amounted to RUB 35.5 billion.

Passenger numbers in 2018 exceeded expectations, totalling more than 7 million, an increase of 55% year-on-year. The load factor in 2018 was 94%, while 92.8% of flights operated to schedule.

In 2018, Pobeda remained the most competitive of all Russian airlines on price, according to data from major ticket sellers. The airline sold more than 400,000 tickets at its lowest fare of RUB 499/999, including all airport charges. Aviasales, a leading airline metasearch engine, noted that Pobeda’s presence led to other carriers reducing prices on popular routes, with the average cost of flights to Cyprus falling by 14%, to Armenia by 8%, and to Georgia by 3%.

During the year, Pobeda was the most efficient operator of Boeing 737-800 aircraft worldwide. The Russian LCC set new standards for the aviation industry in terms of average daily flight time per aircraft, ahead of other leading LCCs globally.

In 2019, Pobeda expects to carry at least 10 million passengers. The Company expects to achieve this by expanding its fleet and developing its route network. By the start of the summer season, Pobeda’s fleet will be 50% larger than in summer 2018, with new 737-800 aircraft joining the fleet direct from the manufacturer. Deliveries of the latest Boeing 737-MAX8 aircraft will start in November 2019. The average age of Pobeda's fleet is 2.3 years.

In the near future, Pobeda will announce new destinations both internationally and in Russia.

Pobeda is an Aeroflot Group subsidiary and operates a classic low-cost carrier (LCC) model. The airline aims to increase social mobility and transport accessibility among the regions of Russia.