Aeroflot Group Announces Operating Results for December 2021

26 January 2022

Moscow, 26 January 2022 – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for December and 12M 2021 [1].

Key highlights of December 2021 [2]:

  • Aeroflot Group carried 3.6 million passengers, 64.4% up year-on-year and 14.8% down vs. 2019;
  • 2.7 million passengers carried in domestic segment, 40.0% up year-on-year and 13.3% up vs. 2019;
  • 885.3 thousand passengers carried in international segment, 3.6x up year-on-year and 51.8% down vs. 2019. In December 2021 international passenger traffic recovered to 48.2% of 2019 levels;
  • Group’s RPK increased by 78.4% year-on-year and decreased by 27.4% vs. 2019, ASK increased by 74.7% year-on-year and decreased by 27.2% vs. 2019;
  • Aeroflot Group’s passenger load factor was 76.4%, a 1.6 percentage point increase year-on-year;
  • Aeroflot Group carried 33.1 thousand tonnes of cargo and mail, up 24.4% year-on-year;
  • Pobeda Airlines carried 1.2 million passengers; passenger load factor was 90.6%.

December 2021 Operating Highlights compared to December 2020 and 2019

Aeroflot Group airlines: All flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

1,748.9

1,170.0

707.5

3,626.4

Change vs. 2020, %

70.7%

36.6%

2.2х

64.4%

Change vs. 2019, %

(37.5%)

31.5%

25.0%

(14.8%)

Available Seat Kilometres, million

6,202.2

2,194.7

2,177.7

10,574.5

Change vs. 2020, %

87.1%

33.9%

98.0%

74.7%

Change vs. 2019, %

(40.9%)

26.4%

(5.0%)

(27.2%)

Passenger load factor, %

70.4%

90.6%

79.3%

76.4%

Change vs. 2020, %

1.5 p.p.

4.0 p.p.

4.2 p.p.

1.6 p.p.

Change vs. 2019, %

(3.1 p.p.)

(1.3 p.p.)

0.0 p.p.

(0.2 p.p.)

Cargo and mail carried, tonnes

22,595.4

5,236.2

5,230.4

33,062.0

Change vs. 2020, %

21.6%

17.9%

47.4%

24.4%

Change vs. 2019, %

9.1%

10.5%

41.6%

13.5%
         

Aeroflot Group airlines: Domestic flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

1,108.1

1,067.0

565.9

2,741.1

Change vs. 2020, %

32.6%

31.6%

82.0%

40.0%

Change vs. 2019, %

(18.8%)

51.8%

60.4%

13.3%

Available Seat Kilometres, million

2,684.1

1,881.4

1,464.7

6,030.1

Change vs. 2020, %

20.8%

26.9%

39.3%

26.8%

Change vs. 2019, %

(20.4%)

48.0%

29.3%

4.4%

Passenger load factor, %

81.1%

91.9%

82.0%

84.7%

Change vs. 2020, %

9.3 p.p.

3.8 p.p.

7.4 p.p.

7.2 p.p.

Change vs. 2019, %

5.5 p.p.

(0.8 p.p.)

6.5 p.p.

5.3 p.p.

Cargo and mail carried, tonnes

7,414.5

4,426.0

4,076.2

15,916.7

Change vs. 2020, %

(4.9%)

13.0%

25.4%

6.4%

Change vs. 2019, %

(2.2%)

42.6%,

33.1%

15.8%
         

Aeroflot Group airlines: International flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

640.8

103.0

141.5

885.3

Change vs. 2020, %

3.4х

2.2х

10.3х

3.6х

Change vs. 2019, %

(55.4%)

(45.0%)

(33.5%)

(51.8%)

Available Seat Kilometres, million

3,518.1

313.3

713.0

4,544.4

Change vs. 2020, %

3.2х

2.0х

14.7х

3.5х

Change vs. 2019, %

(50.6%)

(32.6%)

(38.5%)

(48.1%)

Passenger load factor, %

62.3%

82.7%

73.7%

65.5%

Change vs. 2020, %

(0.9 p.p.)

10.0 p.p.

(11.8 p.p.)

0.3 p.p.

Change vs. 2019, %

(10.2 p.p.)

(7.1 p.p.)

(9.4 p.p.)

(9.4 p.p.)

Cargo and mail carried, tonnes

15,180.9

810.2

1,154.2

17,145.3

Change vs. 2020, %

40.7%

53.8%

3.9х

47.6%

Change vs. 2019, %

15.7%

(50.5%)

83.1%

11.4%

Impact of coronavirus pandemic

COVID-19 pandemic and significant flight restrictions continued to affect operating results of the Group in 2021. Nevertheless, the air traffic showed a significant recovery in volumes. In Q2 Aeroflot Group's passenger traffic on domestic flights exceeded the level of 2019 (before the pandemic) and further outperformed the quarterly indicators of 2019 for the rest of the year. International flights remained significantly limited, however, there was a gradual recovery of operations in this segment: by the end of the year, about half of the passenger traffic had already been restored. In Q4 despite seasonal adjustment of demand growth of the domestic market and positive dynamics in international fights recovery continued.

Aeroflot Group

Passengers carried

Q1

Q2

Q3

Q4

12M2021

Total, thousand PAX

7,370.5

11,186.7

15,556.5

11,698.5

45,812.3

Change vs. 2020, %

(32.5%)

6.8х

57.5%

69.1%

56.0%

Change vs. 2019, %

(40.7%)

(25.5%)

(13.6%)

(14.1%)

(22.4%)

Domestic

6,465.6

9,638.6

12,565.8

8,667.4

37,337.4

Change vs. 2020, %

(0.1%)

6.0х

35.7%

41.6%

59.2%

Change vs. 2019, %

(4.8%)

17.9%

27.4%

14.6%

15.3%

International

904.9

1,548.1

2,990.7

3,031.1

8,474.8

Change vs. 2020, %

(79.6%)

30.5х

4.8х

3.8х

43.4%

Change vs. 2019, %

(84.0%)

(77.4%)

(63.2%)

(49.9%)

(68.2%)

Fleet update

In December 2021 Aeroflot Group added five SSJ100 to the fleet of Rossiya Airlines.
Aeroflot Airlines phased out one Airbus А330-200 and transferred one SSJ100 to the fleet of Rossiya Airlines as part of intra-group redistribution.

As of 31 December 2021, the fleet of Aeroflot Group consisted of 356 aircraft.

 

Net changes in the fleet

Number of aircraft
 

December 2021

12M 2021

as of 31.12.2021

Aeroflot Group

+4

+14

356

Aeroflot Airlines

–2

–54

187

Pobeda Airlines

–

+10

44

Rossiya Airlines

+6

+58

125

Appendix 1.

12M 2021 Operating Highlights compared to 12M 2020 and 2019

Aeroflot Group airlines: All flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

21,415.9

14,433.2

9,963.2

45,812.3

Change vs. 2020, %

47.1%

58.8%

74.5%

56.0%

Change vs. 2019, %

(42.5%)

40.3%

(13.8%)

(22.4%)

Available Seat Kilometres, million

69,529.6

25,741.5

29,351.8

124,623.0

Change vs. 2020, %

31.3%

52.2%

43.9%

38.1%

Change vs. 2019, %

(45.8%)

30.6%

(25.7%)

(33.5%)

Passenger load factor, %

74.3%

93.6%

83.1%

80.3%

Change vs. 2020, %

7.3 p.p.

2.0 p.p.

4.6 p.p.

6.2 p.p.

Change vs. 2019, %

(4.9 p.p.)

(0.5 p.p.)

(2.2 p.p.)

(1.7 p.p.)

Cargo and mail carried, tonnes

187,197.1

64,964.6

46,202.2

298,363.9

Change vs. 2020, %

17.8%

47.1%

41.9%

26.6%

Change vs. 2019, %

(14.1%)

19.3%

23.7%

(3.6%)
         

Aeroflot Group airlines: Domestic flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

15,518.8

13,641.9

8,176.8

37,337.4

Change vs. 2020, %

52.2%

62.0%

69.1%

59.2%

Change vs. 2019, %

(12.8%)

71.3%

23.3%

15.3%

Available Seat Kilometres, million

40,647.0

23,463.6

22,560.6

86,671.2

Change vs. 2020, %

38.8%

55.0%

40.3%

43.3%

Change vs. 2019, %

1.5%

67.3%

9.4%

16.0%

Passenger load factor, %

79.0%

94.3%

82.1%

83.9%

Change vs. 2020, %

11.9 p.p.

2.1 p.p.

5.7 p.p.

8.1 p.p.

Change vs. 2019, %

(2.7 p.p.)

(0.8 p.p.)

(0.6 p.p.)

(0.5 p.p.)

Cargo and mail carried, tonnes

84,270.0

57,912.9

40,192.5

182,375.3

Change vs. 2020, %

12.3%

53.0%

35.9%

28.0%

Change vs. 2019, %

19.6%

70.6%

21.9%

32.8%
         

Aeroflot Group airlines: International flights

Aeroflot

Pobeda

Rossiya

Total

Passengers carried, thousand PAX

5,897.1

791.4

1,786.4

8,474.8

Change vs. 2020, %

35.0%

18.9%

2.0х

43.4%

Change vs. 2019, %

(69.6%)

(65.9%)

(63.7%)

(68.2%)

Available Seat Kilometres, million

28,882.6

2,277.9

6,791.3

37,951.8

Change vs. 2020, %

22.1%

28.8%

57.1%

27.6%

Change vs. 2019, %

(67.3%)

(59.9%)

(64.0%)

(66.4%)

Passenger load factor, %

67.6%

86.1%

86.6%

72.1%

Change vs. 2020, %

0.9 p.p.

(0.6 p.p.)

0.3 p.p.

1.4 p.p.

Change vs. 2019, %

(10.5 p.p.)

(5.3 p.p.)

(1.5 p.p.)

(8.4 p.p.)

Cargo and mail carried, tonnes

102,927.1

7,051.8

6,009.7

115,988.6

Change vs. 2020, %

22.7%

11.6%

2.0х

24.5%

Change vs. 2019, %

(30.2%)

(65.6%)

37.0%

(32.7%)

Appendix 2.

Aeroflot Group Operating Results

December 2021

December 2020

Change

12M 2021

12M 2020

Change

Passengers carried, thousand PAX

3,626.4

2,205.9

64.4%

45,812.3

29,360.6

56.0%

- international

885.3

248.6

3.6х

8,474.8

5,910.7

43.4%

- domestic

2,741.1

1,957.3

40.0%

37,337.4

23,449.9

59.2%

Revenue Passenger Kilometres, mn

8,082.2

4,531.5

78.4%

100,111.7

66,928.3

49.6%

- international

2,976.1

846.2

3.5х

27,359.5

21,038.3

30.0%

- domestic

5,106.1

3,685.3

38.6%

72,752.2

45,889.9

58.5%

Available Seat Kilometres, mn

10,574.5

6,054.3

74.7%

124,623.0

90,254.1

38.1%

- international

4,544.4

1,298.4

3.5х

37,951.8

29,751.1

27.6%

- domestic

6,030.1

4,756.0

26.8%

86,671.2

60,503.0

43.3%

Passenger load factor, %

76.4%

74.8%

1.6 p.p.

80.3%

74.2%

6.2 p.p.

- international

65.5%

65.2%

0.3 p.p.

72.1%

70.7%

1.4 p.p.

- domestic

84.7%

77.5%

7.2 p.p.

83.9%

75.8%

8.1 p.p.

Cargo and mail carried, tonnes

33,062.0

26,576.3

24.4%

298,363.9

235,671.1

26.6%

- international

17,145.3

11,617.3

47.6%

115,988.6

93,185.6

24.5%

- domestic

15,916.7

14,959.0

6.4%

182,375.3

142,485.5

28.0%

Revenue Cargo Tonne Kilometres, mn

154.8

121.4

27.5%

1,294.7

1,053.9

22.9%

- international

98.3

69.2

42.2%

632.3

519.5

21.7%

- domestic

56.4

52.2

8.1%

662.4

534.3

24.0%

Revenue Tonne Kilometres, mn

882.2

529.2

66.7%

10,304.8

7,077.4

45.6%

- international

366.2

145.3

2.5х

3,094.7

2,413.0

28.3%

- domestic

516.0

383.9

34.4%

7,210.1

4,664.4

54.6%

Available Tonne Kilometres, mn

1,404.5

870.8

61.3%

15,740.6

11,659.6

35.0%

- international

703.5

313.8

2.2х

5,524.1

4,550.2

21.4%

- domestic

701.0

557.0

25.9%

10,216.5

7,109.4

43.7%

Revenue load factor, %

62.8%

60.8%

2.0 p.p.

65.5%

60.7%

4.8 p.p.

- international

52.1%

46.3%

5.8 p.p.

56.0%

53.0%

3.0 p.p.

- domestic

73.6%

68.9%

4.7 p.p.

70.6%

65.6%

5.0 p.p.

Revenue flights

27,333

17,955

52.2%

327,107

235,092

39.1%

- international

7,110

2,263

3.1х

56,086

46,827

19.8%

- domestic

20,223

15,692

28.9%

271,021

188,265

44.0%

Flight hours

74,626

45,431

64.3%

838,466

607,848

37.9%

 

Aeroflot Airlines

December 2021

December 2020

Change

12M 2021

12M 2020

Change

Passengers carried, thousand PAX

1,748.9

1,024.3

70.7%

21,415.9

14,563.1

47.1%

- international

640.8

188.7

3.4х

5,897.1

4,369.3

35.0%

- domestic

1,108.1

835.6

32.6%

15,518.8

10,193.9

52.2%

Revenue Passenger Kilometres, mn

4,368.5

2,286.5

91.1%

51,632.7

35,429.6

45.7%

- international

2,191.6

691.1

3.2х

19,515.1

15,773.9

23.7%

- domestic

2,176.8

1,595.4

36.4%

32,117.6

19,655.7

63.4%

Available Seat Kilometres, mn

6,202.2

3,315.7

87.1%

69,529.6

52,943.5

31.3%

- international

3,518.1

1,093.6

3.2х

28,882.6

23,659.6

22.1%

- domestic

2,684.1

2,222.1

20.8%

40,647.0

29,283.9

38.8%

Passenger load factor, %

70.4%

69.0%

1.5 p.p.

74.3%

66.9%

7.3 p.p.

- international

62.3%

63.2%

(0.9 p.p.)

67.6%

66.7%

0.9 p.p.

- domestic

81.1%

71.8%

9.3 p.p.

79.0%

67.1%

11.9 p.p.

Revenue flights

13,749

9,969

37.9%

162,591

142,796

13.9%

- international

5,382

1,815

3.0х

41,690

38,272

8.9%

- domestic

8,367

8,154

2.6%

120,901

104,524

15.7%

Flight hours

41,436

26,164

58.4%

451,159

375,208

20.2%

 

Pobeda Airlines

December 2021

December 2020

Change

12M 2021

12M 2020

Change

Passengers carried, thousand PAX

1,170.0

856.8

36.6%

14,433.2

9,086.7

58.8%

- international

103.0

46.2

2.2х

791.4

665.3

18.9%

- domestic

1,067.0

810.7

31.6%

13,641.9

8,421.4

62.0%

Revenue Passenger Kilometres, mn

1,987.4

1,418.7

40.1%

24,082.3

15,482.8

55.5%

- international

259.1

113.6

2.3х

1,961.9

1,532.5

28.0%

- domestic

1,728.3

1,305.0

32.4%

22,120.4

13,950.3

58.6%

Available Seat Kilometres, mn

2,194.7

1,638.7

33.9%

25,741.5

16,909.0

52.2%

- international

313.3

156.4

2.0х

2,277.9

1,768.0

28.8%

- domestic

1,881.4

1,482.3

26.9%

23,463.6

15,141.0

55.0%

Passenger load factor, %

90.6%

86.6%

4.0 p.p.

93.6%

91.6%

2.0 p.p.

- international

82.7%

72.7%

10.0 p.p.

86.1%

86.7%

(0.6 p.p.)

- domestic

91.9%

88.0%

3.8 p.p.

94.3%

92.1%

2.1 p.p.

Revenue flights

6,839

5,245

30.4%

81,674

52,509

55.5%

- international

659

336

96.1%

4,862

4,071

19.4%

- domestic

6,180

4,909

1.3х

76,812

48,438

58.6%

Flight hours

15,898

11,912

33.5%

183,478

119,270

53.8%

 

Rossiya Airlines

December 2021

December 2020

Change

12M 2021

12M 2020

Change

Passengers carried, thousand PAX

707.5

324.8

2.2х

9,963.2

5,710.8

74.5%

- international

141.5

13.8

10.3х

1,786.4

876.1

2.0х

- domestic

565.9

311.0

82.0%

8,176.8

4,834.6

69.1%

Revenue Passenger Kilometres, mn

1,726.4

826.3

2.1х

24,396.6

16,015.9

52.3%

- international

525.4

41.4

12.7х

5,882.5

3,731.9

57.6%

- domestic

1,201.0

784.9

53.0%

18,514.1

12,284.0

50.7%

Available Seat Kilometres, mn

2,177.7

1,100.0

98.0%

29,351.8

20,401.6

43.9%

- international

713.0

48.4

14.7х

6,791.3

4,323.6

57.1%

- domestic

1,464.7

1,051.6

39.3%

22,560.6

16,078.1

40.3%

Passenger load factor, %

79.3%

75.1%

4.2 p.p.

83.1%

78.5%

4.6 p.p.

- international

73.7%

85.5%

(11.8 p.p.)

86.6%

86.3%

0.3 p.p.

- domestic

82.0%

74.6%

7.4 p.p.

82.1%

76.4%

5.7 p.p.

Revenue flights

6,745

2,741

2.5х

82,842

39,787

2.1х

- international

1,069

112

9.5х

9,534

4,484

2.1х

- domestic

5,676

2,629

2.2х

73,308

35,303

2.1х

Flight hours

17,292

7,355

2.4х

203,829

113,371

79.8%

 

Appendix 3.

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

December 2021

December 2020

Change

12M 2021

12M 2020

Change

Passengers carried, thousand PAX

3,626.4

2,270.8

59.7%

45,812.3

30,156.5

51.9%

- international

885.3

249.6

3.5х

8,474.8

5,984.4

41.6%

- domestic

2,741.1

2,021.2

35.6%

37,337.4

24,172.1

54.5%

Revenue Passenger Kilometres, mn

8,082.2

4,618.3

75.0%

100,111.7

68,016.0

47.2%

- international

2,976.1

847.5

3.5х

27,359.5

21,150.5

29.4%

- domestic

5,106.1

3,770.9

35.4%

72,752.2

46,865.5

55.2%

Available Seat Kilometres, mn

10,574.5

6,205.9

70.4%

124,623.0

92,334.1

35.0%

- international

4,544.4

1,301.1

3.5х

37,951.8

29,972.1

26.6%

- domestic

6,030.1

4,904.8

22.9%

86,671.2

62,361.9

39.0%

Passenger load factor, %

76.4%

74.4%

2.0 p.p.

80.3%

73.7%

6.7 p.p.

- international

65.5%

65.1%

0.4 p.p.

72.1%

70.6%

1.5 p.p.

- domestic

84.7%

76.9%

7.8 p.p.

83.9%

75.2%

8.8 p.p.

Cargo and mail carried, tonnes

33,062.0

27,274.5

21.2%

298,363.9

241,556.3

23.5%

- international

17,145.3

11,618.1

47.6%

115,988.6

93,308.8

24.3%

- domestic

15,916.7

15,656.4

1.7%

182,375.3

148,247.5

23.0%

Revenue Cargo Tonne Kilometres, mn

154.8

122.5

26.3%

1,294.7

1,063.7

21.7%

- international

98.3

69.2

42.2%

632.3

519.7

21.7%

- domestic

56.4

53.3

5.8%

662.4

544.0

21.8%

Revenue Tonne Kilometres, mn

882.2

538.1

63.9%

10,304.8

7,185.2

43.4%

- international

366.2

145.4

2.5х

3,094.7

2,423.3

27.7%

- domestic

516.0

392.7

31.4%

7,210.1

4,761.9

51.4%

Available Tonne Kilometres, mn

1,404.5

886.6

58.4%

15,740.6

11,875.7

32.5%

- international

703.5

314.2

2.2х

5,524.1

4,574.3

20.8%

- domestic

701.0

572.4

22.5%

10,216.5

7,301.4

39.9%

Revenue load factor, %

62.8%

60.7%

2.1 p.p.

65.5%

60.5%

5.0 p.p.

- international

52.1%

46.3%

5.8 p.p.

56.0%

53.0%

3.0 p.p.

- domestic

73.6%

68.6%

5.0 p.p.

70.6%

65.2%

5.4 p.p.

Revenue flights

27,333

19,194

42.4%

327,107

251,432

30.1%

- international

7,110

2,281

3.1х

56,086

48,047

16.7%

- domestic

20,223

16,913

19.6%

271,021

203,385

33.3%

Flight hours

74,626

47,638

56.7%

838,466

637,129

31.6%

[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, unless otherwise specified.

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