Aeroflot Group Announces Operating Results for March 2022

25 April 2022

Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for March and 3M 2022 [1].

Key highlights of March 2022:

  • Aeroflot Group carried 2.2 million passengers, 20.4% down year-on-year;
  • 2.0 million passengers carried in domestic segment, 15.7% down year-on-year;
  • Aeroflot Group’s passenger load factor was 79.5%, a 3.3 percentage point decrease year-on-year;
  • Pobeda Airlines carried 910.9 thousand passengers; passenger load factor was 92.2%.

Aeroflot Group Operating Results

Aeroflot Airlines

March 2022

March

2021

Change

3M 2022

3M 2021

Change

Passengers carried, thousand PAX

836.7

1,232.9

(32.1%)

3,763.7

3,270.2

15.1%

- international

137.2

284.3

(51.7%)

1,276.1

676.8

88.6%

- domestic

699.5

948.6

(26.3%)

2,487.6

2,593.4

(4.1%)

Revenue Passenger Kilometres, mn

2,259.0

2,921.9

(22.7%)

10,136.1

7,625.8

32.9%

- international

497.2

1,008.1

(50.7%)

4,601.2

2,470.7

86.2%

- domestic

1,761.8

1,913.8

(7.9%)

5,534.9

5,155.1

7.4%

Available Seat Kilometres, mn

3,096.0

3,785.4

(18.2%)

14,696.2

10,337.0

42.2%

- international

720.1

1,436.8

(49.9%)

7,353.4

3,724.9

97.4%

- domestic

2,375.9

2,348.6

1.2%

7,342.8

6,612.1

11.1%

Passenger load factor, %

73.0%

77.2%

(4.2 p.p.)

69.0%

73.8%

(4.8 p.p.)

- international

69.0%

70.2%

(1.1 p.p.)

62.6%

66.3%

(3.8 p.p.)

- domestic

74.2%

81.5%

(7.3 p.p.)

75.4%

78.0%

(2.6 p.p.)

Revenue flights

6,517.0

9,569.0

(31.9%)

29,910

27,397

9.2%

- international

883.0

2,021.0

(56.3%)

9,866

5,313

85.7%

- domestic

5,634.0

7,548.0

(25.4%)

20,044

22,084

(9.2%)

Flight hours

19,784

25,802

(23.3%)

91,825

73,156

25.5%

Pobeda Airlines

March 2022

March

2021

Change

3M 2022

3M 2021

Change

Passengers carried, thousand PAX

910.9

982.3

(7.3%)

3,109.3

2,755.0

12.9%

- international

23.4

59.8

(60.8%)

242.6

160.5

51.1%

- domestic

887.5

922.4

(3.8%)

2,866.8

2,594.5

10.5%

Revenue Passenger Kilometres, mn

1,853.3

1,630.1

13.7%

5,714.4

4,581.8

24.7%

- international

85.1

147.3

(42.2%)

670.5

395.2

69.7%

- domestic

1,768.2

1,482.8

19.2%

5,043.9

4,186.7

20.5%

Available Seat Kilometres, mn

2,010.2

1,739.0

15.6%

6,231.8

4,969.6

25.4%

- international

101.8

161.2

(36.8%)

775.9

467.1

66.1%

- domestic

1,908.4

1,577.8

21.0%

5,455.9

4,502.5

21.2%

Passenger load factor, %

92.2%

93.7%

(1.5 p.p.)

91.7%

92.2%

(0.5 p.p.)

- international

83.6%

91.4%

(7.8 p.p.)

86.4%

84.6%

1.8 p.p.

- domestic

92.7%

94.0%

(1.3 p.p.)

92.4%

93.0%

(0.5 p.p.)

Revenue flights

5,249

5,579

(5.9%)

17,954

15,844

13.3%

- international

150

348

(56.9%)

1,477

1,008

46.5%

- domestic

5,099

5,231

(2.5%)

16,477

14,836

11.1%

Flight hours

14,284

12,470

14.5%

44,634

35,780

24.7%

Rossiya Airlines

March 2022

March

2021

Change

3M 2022

3M 2021

Change

Passengers carried, thousand PAX

456.1

554.0

(17.7%)

1,631.0

1,345.3

21.2%

- international

28.8

35.0

(17.8%)

275.9

67.6

4.1х

- domestic

427.3

519.0

(17.7%)

1,355.1

1,277.7

6.1%

Revenue Passenger Kilometres, mn

1,150.6

1,209.9

(4.9%)

4,094.9

3,035.4

34.9%

- international

148.7

108.6

36.9%

1,087.9

206.1

5.3х

- domestic

1,001.9

1,101.3

(9.0%)

3,007.0

2,829.3

6.3%

Available Seat Kilometres, mn

1,513.3

1,432.3

5.7%

5,224.4

3,728.3

40.1%

- international

169.5

123.2

37.5%

1,273.8

236.3

5.4х

- domestic

1,343.9

1,309.1

2.7%

3,950.5

3,492.0

13.1%

Passenger load factor, %

76.0%

84.5%

(8.4 p.p.)

78.4%

81.4%

(3.0 p.p.)

- international

87.7%

88.1%

(0.4 p.p.)

85.4%

87.2%

(1.8 p.p.)

- domestic

74.6%

84.1%

(9.6 p.p.)

76.1%

81.0%

(4.9 p.p.)

Revenue flights

4,645

4,975

(6.6%)

16,093

11,892

35.3%

- international

146

292

(50.0%)

1,714

583

2.9х

- domestic

4,499

4,683

(3.9%)

14,379

11,309

27.1%

Flight hours

11,501

11,975

(4.0%)

40,525

29,089

39.3%

Aeroflot Group Operating Results

March 2022

March

2021

Change

3M 2022

3M 2021

Change

Passengers carried, thousand PAX

2,203.7

2,769.2

(20.4%)

8,504.0

7,370.5

15.4%

- international

189.4

379.2

(50.0%)

1,794.6

904.9

98.3%

- domestic

2,014.3

2,390.0

(15.7%)

6,709.5

6,465.6

3.8%

Revenue Passenger Kilometres, mn

5,262.9

5,761.8

(8.7%)

19,945.5

15,243.1

30.8%

- international

730.9

1,264.0

(42.2%)

6,359.6

3,072.0

2.1х

- domestic

4,531.9

4,497.9

0.8%

13,585.8

12,171.1

11.6%

Available Seat Kilometres, mn

6,619.6

6,956.7

(4.8%)

26,152.4

19,035.0

37.4%

- international

991.4

1,721.2

(42.4%)

9,403.2

4,428.4

2.1х

- domestic

5,628.2

5,235.5

7.5%

16,749.2

14,606.6

14.7%

Passenger load factor, %

79.5%

82.8%

(3.3 p.p.)

76.3%

80.1%

(3.8 p.p.)

- international

73.7%

73.4%

0.3 p.p.

67.6%

69.4%

(1.7 p.p.)

- domestic

80.5%

85.9%

(5.4 p.p.)

81.1%

83.3%

(2.2 p.p.)

Cargo and mail carried, tonnes

12,303.0

22,712.4

(45.8%)

53,376.5

62,199.0

(14.2%)

- international

1,288.9

9,040.6

(85.7%)

19,110.7

24,978.9

(23.5%)

- domestic

11,014.1

13,671.9

(19.4%)

34,265.8

37,220.1

(7.9%)

Revenue Cargo Tonne Kilometres, mn

48.4

103.5

(53.2%)

226.8

275.3

(17.6%)

- international

5.4

53.9

(89.9%)

101.2

144.1

(29.8%)

- domestic

43.0

49.6

(13.4%)

125.7

131.3

(4.3%)

Revenue Tonne Kilometres, mn

522.1

622.0

(16.1%)

2,021.9

1,647.2

22.7%

- international

71.2

167.6

(57.5%)

673.5

420.6

60.2%

- domestic

450.8

454.4

(0.8%)

1,348.4

1,226.7

9.9%

Available Tonne Kilometres, mn

781.9

943.1

(17.1%)

3,177.8

2,567.9

23.7%

- international

135.5

328.4

(58.7%)

1,262.3

858.3

47.1%

- domestic

646.4

614.6

5.2%

1,915.5

1,709.6

12.0%

Revenue load factor, %

66.8%

66.0%

0.8 p.p.

63.6%

64.1%

(0.5 p.p.)

- international

52.6%

51.0%

1.5 p.p.

53.4%

49.0%

4.4 p.p.

- domestic

69.7%

73.9%

(4.2 p.p.)

70.4%

71.8%

(1.4 p.p.)

Revenue flights

16,411

20,123

(18.4%)

63,957

55,133

16.0%

- international

1,179

2,661

(55.7%)

13,057

6,904

89.1%

- domestic

15,232

17,462

(12.8%)

50,900

48,229

5.5%

Flight hours

45,569

50,247

(9.3%)

176,983

138,025

28.2%

[1] Management accounts.