Moscow, 22 September 2020 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for August and 8M 2020[1].
8M 2020 Operating Highlights
In 8M 2020, Aeroflot Group carried 19.6 million passengers, 52.2% down year-on-year. Aeroflot airline carried 10.3 million passengers, a year-on-year decrease of 59.1%.
Group and Company RPKs decreased by 55.9% and 61.9% year-on-year, respectively. ASKs decreased by 49.5% year-on-year for the Group and by 53.8% year-on-year for the Company.
The passenger load factor decreased by 10.4 p.p. year-on-year to 72.0% for Aeroflot Group and decreased by 14.1 p.p. to 65.9% for Aeroflot airline.
August 2020 Operating Highlights
In August 2020, Aeroflot Group carried 3.8 million passengers, a year-on-year decrease of 41.0%. Aeroflot airline carried 1.5 million passengers, a year-on-year decrease of 60.4%.
Group and Company RPKs were down 51.6% and 69.9% year-on-year, respectively. ASKs decreased
by 49.2% for Aeroflot Group and by 66.3% for Aeroflot airline.
Aeroflot Group’s passenger load factor was 86.0%, representing a 4.2 percentage point decrease versus
the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines decreased
by 9.3 percentage points year-on-year to 78.5%.
Impact of coronavirus pandemic
In 8M and August 2020, operating results were affected by the dynamics of demand and significant flight restrictions imposed amid the spread of the novel coronavirus infection. Suspension
of scheduled international flights and quarantine restrictions in Russia affected the decline in traffic indicators.
In August 2020 Aeroflot Group's domestic traffic volumes continued to recover, also the restoration of international flights has begun. As a result, there is an increase in passenger traffic in August versus July, as well as an improvement in the seat load factor. In September 2020, in addition to flights to Turkey, the United Kingdom and Switzerland, due to regulatory approval, flights to Egypt, the United Arab Emirates and the Maldives were added with limited frequency.
Fleet update
In August 2020 Aeroflot Group phased out one DHC8-300 aircraft. As of 31 August 2020, Group and Company fleet had 358 and 245 aircraft, respectively.
| Net changes in the fleet | Number of aircraft | ||
| August 2020 | 8M 2019 | as of 31.08.2020 | |
| Aeroflot Group | -1 | -1 | 358 |
| Aeroflot airline | – | – | 245 |
Aeroflot Group Operating Results
| August 2020 | August 2019 | Change | 8M 2020 | 8M 2019 | Change | |
| Passengers carried, thousand PAX | 3,791.3 | 6,427.1 | (41.0%) | 19,638.3 | 41,045.5 | (52.2%) |
| - international | 237.0 | 2,859.5 | (91.7%) | 4,831.2 | 18,380.9 | (73.7%) |
| - domestic | 3,554.3 | 3,567.6 | (0.4%) | 14,807.0 | 22,664.7 | (34.7%) |
| Revenue Passenger Kilometres, mn | 7,921.3 | 16,359.4 | (51.6%) | 46,607.6 | 105,662.4 | (55.9%) |
| - international | 674.7 | 9,173.6 | (92.6%) | 17,629.0 | 61,873.2 | (71.5%) |
| - domestic | 7,246.6 | 7,185.8 | 0.8% | 28,978.7 | 43,789.1 | (33.8%) |
| Available Seat Kilometres, mn | 9,209.7 | 18,127.3 | (49.2%) | 64,734.3 | 128,207.8 | (49.5%) |
| - international | 933.4 | 10,338.6 | (91.0%) | 25,104.8 | 76,376.8 | (67.1%) |
| - domestic | 8,276.4 | 7,788.7 | 6.3% | 39,629.5 | 51,831.0 | (23.5%) |
| Passenger load factor, % | 86.0% | 90.2% | (4.2 p.p.) | 72.0% | 82.4% | (10.4 p.p.) |
| - international | 72.3% | 88.7% | (16.4 p.p.) | 70.2% | 81.0% | (10.8 p.p.) |
| - domestic | 87.6% | 92.3% | (4.7 p.p.) | 73.1% | 84.5% | (11.4 p.p.) |
| Cargo and mail carried, tonnes | 20,461.9 | 29,174.9 | (29.9%) | 144,221.8 | 199,720.4 | (27.8%) |
| - international | 3,881.1 | 14,480.4 | (73.2%) | 57,091.8 | 110,760.7 | (48.5%) |
| - domestic | 16,580.7 | 14,694.5 | 12.8% | 87,130.1 | 88,959.7 | (2.1%) |
| Revenue Cargo Tonne Kilometres, mn | 78.8 | 117.6 | (33.0%) | 639.2 | 824.7 | (22.5%) |
| - international | 19.9 | 66.1 | (69.9%) | 311.7 | 510.3 | (38.9%) |
| - domestic | 58.9 | 51.5 | 14.4% | 327.5 | 314.4 | 4.2% |
| Revenue Tonne Kilometres, mn | 791.7 | 1,590.0 | (50.2%) | 4,833.9 | 10,334.3 | (53.2%) |
| - international | 80.6 | 891.7 | (91.0%) | 1,898.3 | 6,078.9 | (68.8%) |
| - domestic | 711.1 | 698.2 | 1.8% | 2,935.6 | 4,255.4 | (31.0%) |
| Available Tonne Kilometres, mn | 1,133.8 | 2,156.2 | (47.4%) | 8,159.3 | 15,246.1 | (46.5%) |
| - international | 168.9 | 1,227.9 | (86.2%) | 3,513.9 | 9,131.1 | (61.5%) |
| - domestic | 964.8 | 928.2 | 3.9% | 4,645.5 | 6,115.0 | (24.0%) |
| Revenue load factor, % | 69.8% | 73.7% | (3.9 p.p.) | 59.2% | 67.8% | (8.5 p.p.) |
| - international | 47.7% | 72.6% | (24.9 p.p.) | 54.0% | 66.6% | (12.5 p.p.) |
| - domestic | 73.7% | 75.2% | (1.5 p.p.) | 63.2% | 69.6% | (6.4 p.p.) |
| Revenue flights | 25,793 | 41,500 | (37.8%) | 167,929 | 298,019 | (43.7%) |
| - international | 1,315 | 17,068 | (92.3%) | 39,824 | 125,196 | (68.2%) |
| - domestic | 24,478 | 24,432 | 0.2% | 128,105 | 172,823 | (25.9%) |
| Flight hours | 60,817 | 113,256 | (46.3%) | 436,267 | 819,508 | (46.8%) |
Aeroflot - Russian Airlines Operating Results
| August 2020 | August 2019 | Change | 8M 2020 | 8M 2019 | Change | ||
| Passengers carried, thousand PAX | 1,460.5 | 3,690.2 | (60.4%) | 10,302.6 | 25,176.3 | (59.1%) | |
| - international | 125.8 | 1,935.9 | (93.5%) | 3,630.9 | 13,184.1 | (72.5%) | |
| - domestic | 1,334.7 | 1,754.3 | (23.9%) | 6,671.6 | 11,992.2 | (44.4%) | |
| Revenue Passenger Kilometres, mn | 3,003.3 | 9,965.2 | (69.9%) | 26,192.3 | 68,759.7 | (61.9%) | |
| - international | 376.1 | 6,699.6 | (94.4%) | 13,337.9 | 46,821.5 | (71.5%) | |
| - domestic | 2,627.2 | 3,265.6 | (19.5%) | 12,854.4 | 21,938.2 | (41.4%) | |
| Available Seat Kilometres, mn | 3,825.0 | 11,346.8 | (66.3%) | 39,727.2 | 85,926.3 | (53.8%) | |
| - international | 582.9 | 7,734.1 | (92.5%) | 19,968.3 | 59,313.0 | (66.3%) | |
| - domestic | 3,242.1 | 3,612.7 | (10.3%) | 19,758.9 | 26,613.3 | (25.8%) | |
| Passenger load factor, % | 78.5% | 87.8% | (9.3 p.p.) | 65.9% | 80.0% | (14.1 p.p.) | |
| - international | 64.5% | 86.6% | (22.1 p.p.) | 66.8% | 78.9% | (12.1 p.p.) | |
| - domestic | 81.0% | 90.4% | (9.4 p.p.) | 65.1% | 82.4% | (17.4 p.p.) | |
| Cargo and mail carried, tonnes | 10,442.0 | 18,357.9 | (43.1%) | 96,510.6 | 137,029.9 | (29.6%) | |
| - international | 3,540.3 | 11,988.8 | (70.5%) | 50,423.1 | 94,070.2 | (46.4%) | |
| - domestic | 6,901.7 | 6,369.2 | 8.4% | 46,087.5 | 42,959.7 | 7.3% | |
| Revenue Cargo Tonne Kilometres, mn | 47.3 | 83.7 | (43.4%) | 480.8 | 625.5 | (23.1%) | |
| - international | 19.0 | 59.1 | (67.8%) | 285.9 | 461.0 | (38.0%) | |
| - domestic | 28.4 | 24.6 | 15.1% | 195.0 | 164.5 | 18.5% | |
| Revenue Tonne Kilometres, mn | 317.6 | 980.6 | (67.6%) | 2,838.1 | 6,813.8 | (58.3%) | |
| - international | 52.8 | 662.0 | (92.0%) | 1,486.3 | 4,674.9 | (68.2%) | |
| - domestic | 264.8 | 318.5 | (16.9%) | 1,351.8 | 2,138.9 | (36.8%) | |
| Available Tonne Kilometres, mn | 505.9 | 1,365.8 | (63.0%) | 5,200.2 | 10,342.0 | (49.7%) | |
| - international | 123.3 | 946.1 | (87.0%) | 2,876.1 | 7,249.1 | (60.3%) | |
| - domestic | 382.6 | 419.7 | (8.8%) | 2,324.0 | 3,092.9 | (24.9%) | |
| Revenue load factor, % | 62.8% | 71.8% | (9.0 p.p.) | 54.6% | 65.9% | (11.3 p.p.) | |
| - international | 42.8% | 70.0% | (27.1 p.p.) | 51.7% | 64.5% | (12.8 p.p.) | |
| - domestic | 69.2% | 75.9% | (6.7 p.p.) | 58.2% | 69.2% | (11.0 p.p.) | |
| Revenue flights | 12,038 | 25,906 | (53.5%) | 101,509 | 194,161 | (47.7%) | |
| - international | 869 | 12,474 | (93.0%) | 32,103 | 95,103 | (66.2%) | |
| - domestic | 11,169 | 13,432 | (16.8%) | 69,406 | 99,058 | (29.9%) | |
| Flight hours | 27,630 | 73,206 | (62.3%) | 272,850 | 555,868 | (50.9%) | |
[1] Management accounts.
