Aeroflot Group Announces Operating Results for June 2020

29 July 2020

Moscow, 29 July 2020 – 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 2020[1].

6M 2020 Operating Highlights

In 6M 2020, Aeroflot Group carried 12.9 million passengers, 54.2% down year-on-year. Aeroflot airline carried 7.8 million passengers, a year-on-year decrease of 56.1%.

Group and Company RPKs decreased by 55.1% and 56.7% year-on-year, respectively. ASKs decrease by 47.8% year-on-year for the Group and Company.

The passenger load factor decreased by 11.1 p.p. year-on-year to 68.2% for Aeroflot Group and decreased by 13.2 p.p. to 64.1% for Aeroflot airline.

June 2020 Operating Highlights

In June 2020, Aeroflot Group carried 1.2 million passengers, a year-on-year decrease of 79.1%. Aeroflot airline carried 523.0 thousand passengers, a year-on-year decrease of 84.2%.

Group and Company RPKs were down 83.6% and 87.5% year-on-year, respectively. ASKs decrease by 77.5% for Aeroflot Group and by 81.8% for Aeroflot airline.

Aeroflot Group’s passenger load factor was 61.5%, representing a 22.6 percentage point decrease versus the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines decreased by 25.3 percentage points year-on-year to 56.4%.

Impact of coronavirus pandemic

In 6M and June 2020, operating results were affected by the dynamics of demand and significant flight restrictions imposed amid the spread of the novel coronavirus infection. In addition to the suspension
of scheduled international flights, quarantine restrictions in Russia and passengers’ propensity to travel amid pandemic affected the decline in domestic traffic indicators.

In June Aeroflot Group began to gradually restore operating volumes due to the partial lifting of restrictions. The restoration of flights is accompanied by a progressive increase in the passenger load factor.

Fleet update

In June 2020, Aeroflot Group added one DHC8-200. One DHC8-300 was phased-out. As of 30 June 2020, Group and Company fleet had 360 and 246 aircraft, respectively.

Net changes in the fleet Number of aircraft
June 2020 6M 2019as of 30.06.2020
Aeroflot Group+1360
Aeroflot airline+1246

Aeroflot Group Operating Results

June 2020June 2019Change6M 20206M 2019Change
Passengers carried, thousand PAX1,196.65,717.9 (79.1%)12,927.128,195.1 (54.2%)
- international26.62,563.5(99.0%)4,566.612,682.4(64.0%)
- domestic1,170.13,154.4(62.9%)8,360.515,512.6(46.1%)
Revenue Passenger Kilometres, mn2,391.714,546.8 (83.6%)32,715.972,924.4 (55.1%)
- international117.48,242.9(98.6%)16,844.443,531.0(61.3%)
- domestic2,274.36,303.9(63.9%)15,871.529,393.4(46.0%)
Available Seat Kilometres, mn3,891.217,305.0 (77.5%)47,938.691,883.2 (47.8%)
- international217.810,021.2(97.8%)23,937.855,570.8(56.9%)
- domestic3,673.37,283.7(49.6%)24,000.836,312.4(33.9%)
Passenger load factor, %61.5%84.1% (22.6 p.p.)68.2%79.4%(11.1 p.p.)
- international53.9%82.3%(28.4 p.p.)70.4%78.3%(8.0 p.p.)
- domestic61.9%86.5%(24.6 p.p.)66.1%80.9%(14.8 p.p.)
Cargo and mail carried, tonnes12,877.426,359.1 (51.1%)105,999.0142,153.4 (25.4%)
- international2,421.414,363.6(83.1%)49,856.081,100.3(38.5%)
- domestic10,456.011,995.4(12.8%)56,143.061,053.1(8.0%)
Revenue Cargo Tonne Kilometres, mn59.3108.9 (45.5%)489.1590.7 (17.2%)
- international16.466.3(75.2%)272.7373.5(27.0%)
- domestic42.942.60.6%216.4217.2(0.4%)
Revenue Tonne Kilometres, mn274.61,418.1 (80.6%)3,433.57,153.9 (52.0%)
- international27.0808.1(96.7%)1,788.74,291.3(58.3%)
- domestic247.6610.0(59.4%)1,644.82,862.6(42.5%)
Available Tonne Kilometres, mn513.32,059.4 (75.1%)6,075.610,923.9 (44.4%)
- international81.71,189.9(93.1%)3,258.46,657.7(51.1%)
- domestic431.6869.4(50.4%)2,817.34,266.2(34.0%)
Revenue load factor, %53.5%68.9% (15.4 p.p.)56.5%65.5% (9.0 p.p.)
- international33.0%67.9%(34.9 p.p.)54.9%64.5%(9.6 p.p.)
- domestic57.4%70.2%(12.8 p.p.)58.4%67.1%(8.7 p.p.)
Revenue flights12,39439,159 (68.3%)120,934215,283 (43.8%)
- international37816,608(97.7%)38,10791,052(58.1%)
- domestic12,01622,551(46.7%)82,827124,231(33.3%)
Flight hours 29,046107,662 (73.0%)325,215593,923 (45.2%)

Aeroflot - Russian Airlines Operating Results


June 2020June 2019Change6M 20206M 2019Change
Passengers carried, thousand PAX523.03,306.2 (84.2%)7,807.317,795.5 (56.1%)
- international22.61,731.3(98.7%)3,479.09,318.4(62.7%)
- domestic500.31,574.9(68.2%)4,328.48,477.1(48.9%)
Revenue Passenger Kilometres, mn1,122.88,952.4 (87.5%)21,133.848,819.6 (56.7%)
- international93.76,058.1(98.5%)12,860.333,395.6(61.5%)
- domestic1,029.12,894.3(64.4%)8,273.515,424.0(46.4%)
Available Seat Kilometres, mn1,990.810,956.8 (81.8%)32,982.463,187.8 (47.8%)
- international190.87,615.1(97.5%)19,161.643,724.9(56.2%)
- domestic1,800.03,341.7(46.1%)13,820.819,462.9(29.0%)
Passenger load factor, %56.4%81.7%(25.3 p.p.)64.1%77.3% (13.2 p.p.)
- international49.1%79.6%(30.5 p.p.)67.1%76.4%(9.3 p.p.)
- domestic57.2%86.6%(29.4 p.p.)59.9%79.2%(19.4 p.p.)
Cargo and mail carried, tonnes8,508.117,726.8 (52.0%)76,385.8100,058.7 (23.7%)
- international2,258.612,379.5(81.8%)43,575.369,216.1(37.0%)
- domestic6,249.65,347.316.9%32,810.530,842.66.4%
Revenue Cargo Tonne Kilometres, mn43.881.8 (46.5%)388.7455.4 (14.6%)
- international15.261.3(75.1%)248.1337.5(26.5%)
- domestic28.520.539.5%140.6118.019.2%
Revenue Tonne Kilometres, mn144.8887.5 (83.7%)2,290.84,849.2 (52.8%)
- international23.7606.5(96.1%)1,405.53,343.1(58.0%)
- domestic121.2280.9(56.9%)885.21,506.1(41.2%)
Available Tonne Kilometres, mn285.31,321.9 (78.4%)4,290.17,601.1 (43.6%)
- international72.9932.6(92.2%)2,669.75,340.2(50.0%)
- domestic212.3389.4(45.5%)1,620.42,260.9(28.3%)
Revenue load factor, %50.8%67.1%(16.4 p.p.)53.4%63.8% (10.4 p.p.)
- international32.4%65.0%(32.6 p.p.)52.6%62.6%(10.0 p.p.)
- domestic57.1%72.2%(15.1 p.p.)54.6%66.6%(12.0 p.p.)
Revenue flights6,59324,472 (73.1%)80,075142,563 (43.8%)
- international33812,198(97.2%)30,85470,104(56.0%)
- domestic6,25512,274(49.0%)49,22172,459(32.1%)
Flight hours 15,45269,864 (77.9%)223,696410,164 (45.5%)

[1] Management accounts.