Aeroflot Group Announces Operating Results for April 2021

26 May 2021

Moscow, 26 May 2021 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for April and 4M 2021[1].

Key highlights of April 2021[2]:

· Aeroflot Group carried 3.0 million passengers, 14.3x up year-on-year and 34.5% down vs. 2019;

· 2.6 million passengers carried in domestic segment, 12.9x up year-on-year and 3.6% up vs. 2019;

· Group’s RPK increased by 11.8x year-on-year and decreased by 48.0% vs. 2019, ASK increased by 5.3x year-on-year and decreased by 46.0% vs. 2019;

· Aeroflot Group’s passenger load factor was 78.0%, a 42.6 percentage point increase year-on-year;

· Pobeda Airlines carried 1.0 million passengers, passenger load factor was 92.7%.

April 2021 Operating Highlights compared to April 2020 and 2019

Aeroflot Group airlines: All flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

1,371.4

1,011.9

636.3

3,019.5

Change vs. 2020, %

9.3х

-

10.

14.3х

Change vs. 2019, %

(55.1%)

33.1%

(20.4%)

(34.5%)

Available Seat Kilometres, mn

4,437.2

1,791.4

1,825.5

8,054.1

Change vs. 2020, %

3.8х

-

5.4х

5.3х

Change vs. 2019, %

(58.0%)

25.5%

(37.2%)

(46.0%)

Passenger load factor, %

73.0%

92.7%

75.6%

78.0%

Change vs. 2020, %

40.1 p.p.

-

31.3 p.p.

42.6 p.p.

Change vs. 2019, %

(7.0 p.p.)

0.7 p.p.

(3.4 p.p.)

(3.0 p.p.)

Cargo and mail carried, tonnes

13,422.3

4,326.5

4,069.3

21,818.1

Change vs. 2020, %

1.8х

-

4.5х

2.6х

Change vs. 2019, %

(30.1%)

27.0%

39.3%

(14.5%)

         

Aeroflot Group airlines: Domestic flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

1,051.2

972.4

578.7

2,602.3

Change vs. 2020, %

7.4х

-

9.7х

12.9х

Change vs. 2019, %

(25.7%)

62.3%

15.7%

3.6%

Available Seat Kilometres, mn

2,827.0

1 666.6

1,602.8

6,096.4

Change vs. 2020, %

2.7х

-

5.0х

4.4х

Change vs. 2019, %

(10.6%)

60.8%

(0.7%)

4.9%

Passenger load factor, %

74.0%

93.8%

74.6%

79.6%

Change vs. 2020, %

41.4 p.p.

-

33.6 p.p.

45.2 p.p.

Change vs. 2019, %

(7.0 p.p.)

(0.1 p.p.)

(0.2 p.p.)

(2.0 p.p.)

Cargo and mail carried, tonnes

7,098.5

3,928.5

3,034.8

14,061.7

Change vs. 2020, %

1.

-

3.7х

2.

Change vs. 2019, %

27.7%

89.0%

18.4%

37.9%

         

Impact of COVID-19 pandemic

In 4M and April 2020, operating results were affected by the dynamics of demand and significant flight restrictions imposed amid the spread of the novel coronavirus infection.

In April 2021, Aeroflot Group continued to restore its domestic traffic volumes and partially restore international flights. Flights to the United Arab Emirates, Maldives, Egypt, Belarus, Kazakhstan, Kyrgyzstan, South Korea, Japan, Serbia, Finland, Azerbaijan, Armenia, India and the Seychelles, based on regulatory approval, were opened.

In April air travel with Turkey was restricted following a decision of the operational headquarters of Russia.
In general, international traffic remained significantly limited.

Fleet update

In April 2021 Aeroflot Airlines and Rossiya Airlines phased out two Airbus А320, and Aeroflot Airlines transferred three Boeing 737-800 to the fleet of Pobeda Airlines and two SSJ100s to the fleet of Rossiya Airlines as part of intra-group redistribution. As of 30 April 2021, the fleet of Aeroflot Group consisted
of 334 aircraft.

 

Net changes in the fleet

Number of aircraft

 

April 2021

4M 2021

as of 30.04.2021

Aeroflot Group

–2

–8

334

Aeroflot Airlines

–6

–26

215

Pobeda Airlines

+3

+3

37

Rossiya Airlines

+1

+15

82

Aeroflot Group Operating Results

(pro forma, excluding the results of Aurora Airlines in 2020)[3]

April

2021

April

2020

Change

4M 2021

4M 2020

Change

Passengers carried, thousand PAX

3,019.5

210.7

14.3х

10,390.1

11,125.2

(6.6%)

- international

417.2

9.0

46.4х

1,322.1

4,454.1

(70.3%)

- domestic

2,602.3

201.7

12.9х

9,068,0

6,671.1

35.9%

Revenue Passenger Kilometres, mn

6,278.7

533.5

11.8х

21,521,8

29,182.6

(26.3%)

- international

1,427.7

53.1

26.9х

4,499.7

16,530.0

(72.8%)

- domestic

4,851.0

480.4

10.1х

17,022.1

12,652.5

34.5%

Available Seat Kilometres, mn

8,054.1

1,508.6

5.3х

27,089.1

41,582.1

(34.9%)

- international

1,957.7

112.8

17.4х

6,386.0

23,300.0

(72.6%)

- domestic

6,096.4

1,395.8

4.4х

20,703.0

18,282.2

13.2%

Passenger load factor, %

78.0%

35.4%

42.6 p.p

79.4%

70.2%

9.3 p.p.

- international

72.9%

47.1%

25.9 p.p.

70.5%

70.9%

(0.5 p.p.)

- domestic

79.6%

34.4%

45.2 p.p.

82.2%

69.2%

13.0 p.p.

Cargo and mail carried, tonnes

21,818.1

8,470.8

2.6х

84,023.3

79,502.3

5.7%

- international

7,756.3

2,651.3

2.9х

32,736.6

41,750.2

(21.6%)

- domestic

14,061.7

5,819.4

2.4х

51,286.7

37,752.1

35.9%

Revenue Cargo Tonne Kilometres, mn

97.2

47.3

2.1х

372.6

351.6

6.0%

- international

45.7

19.1

2.4х

189.8

209.6

(9.5%)

- domestic

51.5

28.2

1.8х

182.8

142.0

28.7%

Revenue Tonne Kilometres, mn

662.3

95.3

6.9х

2,309.5

2,978.0

(22.4%)

- international

174.2

23.9

7.3х

594.8

1,697.3

(65.0%)

- domestic

488.1

71.4

6.8х

1,714.8

1,280.7

33.9%

Available Tonne Kilometres, mn

1,049.3

259.6

4.0х

3,617.0

5,097.9

(29.0%)

- international

334.3

80.6

4.1х

1,196.0

2,951.6

(59.5%)

- domestic

715.0

179.0

4.0х

2,421.0

2,146.3

12.8%

Revenue load factor, %

63.1%

36.7%

26.4 p.p.

63.9%

58.4%

5.4 p.p.

- international

52.1%

29.6%

22.5 p.p.

49.7%

57.5%

(7.8 p.p.)

- domestic

68.3%

39.9%

28.4 p.p.

70.8%

59.7%

11.2 p.p.

Revenue flights

22,907

3,805

6.0х

78,040

96,929

(19.5%)

- international

2,794

268

10.4х

9,698

35,916

(73.0%)

- domestic

20,113

3,537

5.7х

68,342

61,013

12.0%

Flight hours

56,500

10,897

5.2х

194,525

269,780

(27.9%)

Aeroflot Group Operating Results

Aeroflot Airlines

April 2021

April 2020

Change

4M 2021

4M 2020

Change

Passengers carried, thousand PAX

1,371.4

147.7

9.3х

4,641.6

7,078.1

(34.4%)

- international

320.1

6.4

50.0х

996.9

3,444.0

(71.1%)

- domestic

1,051.2

141.3

7.4х

3,644.6

3,634.1

0.3%

Revenue Passenger Kilometres, mn

3,237.1

380.2

8.5х

10,862.9

19,503.5

(44.3%)

- international

1,146.3

34.1

33.7х

3,617.0

12,704.8

(71.5%)

- domestic

2,090.8

346.1

6.0х

7,245.9

6,798.7

6.6%

Available Seat Kilometres, mn

4,437.2

1,157.5

3.8х

14,774.2

29,842.0

(50.5%)

- international

1,610.2

93.7

17.2х

5,335.1

18,851.7

(71.7%)

- domestic

2,827.0

1,063.8

2.7х

9,439.1

10,990.3

(14.1%)

Passenger load factor, %

73.0%

32.8%

40.1 p.p.

73.5%

65.4%

8.2 p.p.

- international

71.2%

36.3%

34.9 p.p.

67.8%

67.4%

0.4 p.p.

- domestic

74.0%

32.5%

41.4 p.p.

76.8%

61.9%

14.9 p.p.

Revenue flights

10,934

2,894

3.8х

38,331

69,746

(45.0%)

- international

2,045

249

8.2х

7,358

29,889

(75.4%)

- domestic

8,889

2,645

3.4х

30,973

39,857

(22.3%)

Flight hours

28,901

8,326

3.5х

102,057

197,061

(48.2%)

Pobeda Airlines

April

2021

April

2020

Change

4M 2021

4M 2020

Change

Passengers carried, thousand PAX

1,011.9

-

-

3,766.9

2,493.6

51.1%

- international

39.4

-

-

200.0

447.4

(55.3%)

- domestic

972.4

-

-

3,566.9

2,046.2

74.3%

Revenue Passenger Kilometres, mn

1,661.2

-

-

6,243.1

4,485.1

39.2%

- international

97.5

-

-

492.7

998.2

(50.6%)

- domestic

1,563.7

-

-

5,750.4

3,486.9

64.9%

Available Seat Kilometres, mn

1,791.4

-

-

6,761.0

4,927.5

37.2%

- international

124.8

-

-

591.9

1,141.0

(48.1%)

- domestic

1,666.6

-

-

6,169.1

3,786.6

62.9%

Passenger load factor, %

92.7%

-

-

92.3%

91.0%

1.3 p.p.

- international

78.2%

-

-

83.2%

87.5%

(4.3 p.p.)

- domestic

93.8%

-

-

93.2%

92.1%

1.1 p.p.

Revenue flights

5,755

-

-

21,599

14,535

48.6%

- international

268

-

-

1,276

2,720

(53.1%)

- domestic

5,487

-

-

20,323

11,815

72.0%

Flight hours

12,820

-

-

48,601

35,153

38.3%

Rossiya Airlines

April

2021

April

2020

Change

4M 2021

4M 2020

Change

Passengers carried, thousand PAX

636.3

62.0

10.3х

1,981.6

1,553.5

27.6%

- international

57.7

2.6

22.3х

125.2

562.7

(77.7%)

- domestic

578.7

59.4

9.7х

1,856.4

990.8

87.4%

Revenue Passenger Kilometres, mn

1,380.4

151.1

9.1х

4,415.8

5,193.9

(15.0%)

- international

183.9

19.0

9.7х

390.0

2,827.0

(86.2%)

- domestic

1,196.5

132.1

9.1х

4,025.8

2,367.0

70.1%

Available Seat Kilometres, mn

1,825.5

340.7

5.4х

5,553.9

6,812.6

(18.5%)

- international

222.7

19.0

11.7х

459.0

3,307.4

(86.1%)

- domestic

1,602.8

321.6

5.0х

5,094.8

3,505.3

45.3%

Passenger load factor, %

75.6%

44.4%

31.3 p.p.

79.5%

76.2%

3.3 p.p.

- international

82.6%

100.0%

(17.4 p.p.)

85.0%

85.5%

(0.5 p.p.)

- domestic

74.6%

41.1%

33.6 p.p.

79.0%

67.5%

11.5 p.p.

Revenue flights

6,218

885

7.0х

18,110

12,648

43.2%

- international

481

19

25.3х

1,064

3,307

(67.8%)

- domestic

5,737

866

6.6х

17,046

9,341

82.5%

Flight hours

14,779

2,492

5.9х

43,868

37,565

16.8%

Appendix 1.

Aeroflot Group Operating Results (including the results of Aurora Airlines in 2020)[4]

April

2021

April

2020

Change

4M 2021

4M 2020

Change

Passengers carried, thousand PAX

3,019.5

229.0

13.2х

10,390.1

11,424.9

(9.1%)

- international

417.2

9.9

42.0х

1,322.1

4,524.4

(70.8%)

- domestic

2,602.3

219.0

11.9х

9,068.0

6,900.5

31.4%

Revenue Passenger Kilometres, mn

6,278/7

558.7

11.2х

21,521.8

29,596.5

(27.3%)

- international

1,427.7

56.2

25.4х

4,499.7

16,637.1

(73.0%)

- domestic

4,851.0

502.5

9.7х

17,022.1

12,959.4

31.4%

Available Seat Kilometres, mn

8,054.1

1,579.9

5.1х

27,089.1

42,371.4

(36.1%)

- international

1,957.7

119.9

16.3х

6,386.0

23,504.1

(72.8%)

- domestic

6,096.4

1,459.9

4.2х

20,703.0

18,867.3

9.7%

Passenger load factor, %

78.0%

35.4%

42.6 p.p.

79.4%

69.9%

9.6 p.p.

- international

72.9%

46.8%

26.1 p.p.

70.5%

70.8%

(0.3 p.p.)

- domestic

79.6%

34.4%

45.1 p.p.

82.2%

68.7%

13.5 p.p.

Cargo and mail carried, tonnes

21,818.1

8,749.2

2.5х

84,023.3

81,254.9

3.4%

- international

7,756.3

2,653.1

2.9х

32,736.6

41,870.9

(21.8%)

- domestic

14,061.7

6,096.0

2.3х

51,286.7

39,384.1

30.2%

Revenue Cargo Tonne Kilometres, mn

97.2

47.7

2.0х

372.6

354.5

5.1%

- international

45.7

19.1

2.4х

189.8

209.8

(9.5%)

- domestic

51.5

28.6

1.8х

182.8

144.7

26.3%

Revenue Tonne Kilometres, mn

662.3

98.0

6.8х

2,309.5

3,018.2

(23.5%)

- international

174.2

24.2

7.2х

594.8

1,707.1

(65.2%)

- domestic

488.1

73.8

6.6х

1,714.8

1,311.1

30.8%

Available Tonne Kilometres, mn

1,049.3

267.0

3.9х

3,617.0

5,180.8

(30.2%)

- international

334.3

81.3

4.1х

1,196.0

2,973.9

(59.8%)

- domestic

715.0

185.7

3.9х

2,421.0

2,206.9

9.7%

Revenue load factor, %

63.1%

36.7%

26.4 p.p.

63.9%

58.3%

5.6 p.p.

- international

52.1%

29.7%

22.4 p.p.

49.7%

57.4%

(7.7 p.p.)

- domestic

68.3%

39.8%

28.5 p.p.

70.8%

59.4%

11.4 p.p.

Revenue flights

22,907

4,519

5.1х

78,040

102,973

(24.2%)

- international

2,794

287

9.7х

9,698

37,049

(73.8%)

- domestic

20,113

4,232

4.8х

68,342

65,924

3.7%

Flight hours

56,500

12,070

4.7х

194,525

280,600

(30.7%)


[1] Management accounts.

[2] Comparison of 2021 Aeroflot Group figures vs. corresponding period of previous year is based on pro forma results, which exclude the results of Aurora Airlines in 2019 and 2020.

[3] PJSC "Aeroflot" terminated its participation in the capital of JSC "Aurora Airlines" on December 25, 2020, having sold the shares owned by the Company.

[4] PJSC "Aeroflot" terminated its participation in the capital of JSC "Aurora Airlines" on December 25, 2020, having sold the shares owned by the Company.