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Company News

25 September 2014

Aeroflot Announces Traffic Statistics for August and 8M 2014

MOSCOW, 25 SEPTEMBER 2014 – JSC “Aeroflot” (“the Company”, Moscow Exchange ticker: AFLT) announces operating results of the Company and Aeroflot Group (“the Group”) for August 2014 and the first eight months (8M) of 2014. 

Highlights

JSC “Aeroflot” standalone:

  • Passenger traffic in August 2014 totalled 2.37 mln, an 11.7% year-on-year increase. Passenger traffic on domestic routes increased by 36.0% year-on-year in August, driven in part by increased flight frequency on high-demand routes. International traffic declined 4.8% year-on-year in August 2014, primarily due to the Company ceasing to carry passengers under block charter agreements (the least profitable passenger segment) and corresponding optimisation of carrying capacities on international tourist routes. Lower frequency flights to Kiev and the suspension of flights to Donetsk, Kharkov and Odessa as well as reclassification of flights to Simferopol as domestic were among other factors impacting international traffic.

For 8M 2014, passenger traffic totalled 15.68 mln, a 13.9% year-on-year increase.

  • Revenue passenger kilometres (“RPK”) for August 2014 totalled 6.79 bln, a year-on-year increase of 12.0%. RPKs for domestic and international flights were up 30.8% and 2.7% year-on-year respectively. For 8M 2014, the Company’s RPKs increased 12.3% year-on-year to 44.63 bln.
  • In the first eight months of 2014 the Company expanded its fleet, including 13 new Airbus A320s, two new Boeing 737-800 and six new Boeing 777-300ERs. The new factory-direct planes contributed to the ongoing modernisation of the fleet, which is now the youngest in the World[1]. In 8M 2014 four Boeing 767-300ER aircraft exited the Aeroflot fleet as their leases expired, and seven Airbus A320 family aircraft were transferred to subsidiary airlines. Changes to the Company’s fleet structure contributed to an increase in available seat kilometres (“ASK”) of 11.0% year-on-year in August 2014 and 12.3% year-on-year in 8M 2014.
  • The passenger load factor increased by 0.8 percentage points year-on-year in August 2014 to 86.7%. On domestic flights the passenger load factor was 90.5%, and 84.4% on international routes. For 8M 2014, the passenger load factor was 79.2%, unchanged year-on-year.
  • Flight hours of the Company’s fleet for both August 2014 and 8M 2014 increased by 8.8% year-on-year.

Aeroflot Group:

  • Total passenger traffic for August 2014 increased 9.2% year-on-year to 3.77 mln. The main factor driving passenger traffic growth was a 26.8% increase in domestic traffic. International traffic for August 2014 was down 4.7% year-on-year, due in part to restructuring of Rossiya Airlines routes and increased numbers of flights of domestic routes (amid higher passenger load factor) and the Company ceasing to operate low-margin block charter flights on tourist routes.

Passenger traffic for 8M 2014 increased 10.7% year-on-year to 23.23 mln.

  • August 2014 RPKs increased 7.6% year-on-year to 9.84 bln, with RPKs on domestic and international flights up 22.2% and down 0.4% year-on-year, respectively. Aeroflot Group’s RPK for 8M 2014 increased 5.6% to 60.52 bln.
  • The passenger load factor for August 2014 increased 1.0 percentage points year-on-year to 86.7%. On domestic routes the load factor was 89.9%, and 84.6% on international routes. The load factor was 78.9% in 8M 2014, an increase of 0.1 percentage point year-on-year.

Other events:

  • In 2013 JSC “Aeroflot” discontinued its dedicated cargo fleet, switching to belly cargo operations. This was the main reason that cargo and mail carried decreased 16.4% year-on-year in August 2014.
  • On 4 August 2014 Aeroflot suspended flights of Dobrolet due to sanctions imposed by the European Union on the budget carrier subsidiary.

The tables below provide key operating results for JSC Aeroflot and Aeroflot Group.

JSC “Aeroflot” standalone traffic figures

 

August 2014

August 2013

Change

8M 2014

8M 2013

Change

Passengers carried (000s)

2,368.5

2,120.8

11.7%

15,682.1

13,767.0

13.9%

Of which international

1,201.5

1,262.5

(4.8%)

8,312.2

8,158.2

1.9%

Of which domestic

1,167.0

858.3

36.0%

7,369.9

5,608.8

31.4%

Revenue Passenger Kilometres (mln)

6,789.2

6,060.3

12.0%

44,625.7

39,750.3

12.3%

Of which international

4,155.6

4,046.9

2.7%

28,411.4

26,986.0

5.3%

Of which domestic

2,633.6

2,013.4

30.8%

16,214.3

12,764.3

27.0%

Available Seat Kilometres (mln)

7,830.8

7,051.8

11.0%

56,335.4

50,159.0

12.3%

Of which international

4,921.4

4,739.1

3.8%

36,858.6

34,566.4

6.6%

Of which domestic

2,909.4

2,312.7

25.8%

19,476.8

15,592.6

24.9%

Passenger Load Factor

86.7%

85.9%

0.8 p.p.

79.2%

79.2%

0.0 p.p.

Of which international

84.4%

85.4%

(1.0 p.p.)

77.1%

78.1%

(1.0 p.p.)

Of which domestic

90.5%

87.1%

3.4 p.p.

83.2%

81.9%

1.3 p.p.

Flight hours for fleet (hours)

49,741

45,706

8.8%

364,880

335,232

8.8%

Cargo and mail carried (tonnes)

11,061.1

13,237.8

(16.4%)

88,513.9

118,894.5

(25.6%)

Of which international

5,401.4

7,489.3

(27.9%)

50,080.4

83,908.4

(40.3%)

Of which domestic

5,659.7

5,748.5

(1.5%)

38,433.5

34,986.1

9.9%

Revenue Tonne Kilometres (mln)

663.8

608.5

9.1%

4,428.6

4,227.6

4.8%

Of which international

400.9

400.1

0.2%

2,797.8

2,918.8

(4.1%)

Of which domestic

262.9

208.4

26.2%

1,630.8

1,308.8

24.6%

Available Tonne Kilometres (mln)

975.0

886.1

10.0%

6,990.2

6,580.8

6.2%

Of which international

608.7

593.1

2.6%

4,558.8

4,616.0

(1.2%)

Of which domestic

366.3

293.0

25.0%

2,431.4

1,964.8

23.7%

Revenue Load Factor

68.1%

68.7%

(0.6 p.p.)

63.4%

64.2%

(0.8 p.p.)

Of which international

65.9%

67.5%

(1.6 p.p.)

61.4%

63.2%

(1.8 p.p.)

Of which domestic

71.8%

71.1%

0.7 p.p.

67.1%

66.6%

0.5 p.p.

Revenue Cargo Tonne Kilometres (mln)

52.8

63.1

(16.3%)

412.2

650.0

(36.6%)

Of which international

26.9

35.8

(24.9%)

240.8

490.0

(50.9%)

Of which domestic

25.9

27.2

(4.8%)

171.4

160.0

7.1%

Aeroflot Group traffic figures

 

August 2014

August 2013

Change

8M 2014

8M 2013

Change

Passengers carried (000s)

3,771.6

3,452.9

9.2%

23,234.3

20,988.9

10.7%

Of which international

1,837.0

1,927.4

(4.7%)

11,667.5

11,757.5

(0.8%)

Of which domestic

1,934.6

1,525.5

26.8%

11,566.8

9,231.4

25.3%

Revenue Passenger Kilometres (mln)

9,836.4

9,138.2

7.6%

60,524.9

57,318.6

5.6%

Of which international

5,867.0

5,889.5

(0.4%)

37,553.6

37,942.5

(1.0%)

Of which domestic

3,969.4

3,248.7

22.2%

22,971.3

19,376.1

18.6%

Available Seat Kilometres (mln)

11,349.1

10,665.2

6.4%

76,688.1

72,763.9

5.4%

Of which international

6,935.3

6,847.0

1.3%

48,508.4

48,005.6

1.0%

Of which domestic

4,413.8

3,818.2

15.6%

28,179.7

24,758.3

13.8%

Passenger Load Factor

86.7%

85.7%

1.0 p.p.

78.9%

78.8%

0.1 p.p.

Of which international

84.6%

86.0%

(1.4 p.p.)

77.4%

79.0%

(1.6 p.p.)

Of which domestic

89.9%

85.1%

4.8 p.p.

81.5%

78.3%

3.2 p.p.

Flight hours for fleet (hours)

78,313

74,654

4.9%

539,318

517,998

4.1%

Cargo and mail carried (tonnes)

12,844.5

15,777.8

(18.6%)

101,564.8

137,672.7

(26.2%)

Of which international

5,694.2

7,782.2

(26.8%)

51,939.0

86,465.1

(39.9%)

Of which domestic

7,150.3

7,995.6

(10.6%)

49,625.8

51,207.6

(3.1%)

Revenue Tonne Kilometres (mln)

941.7

892.0

5.6%

5,884.4

5,859.8

0.4%

Of which international

555.7

566.7

(1.9%)

3,624.9

3,910.8

(7.3%)

Of which domestic

386.0

325.3

18.7%

2,259.5

1,949.0

15.9%

Available Tonne Kilometres (mln)

1,350.8

1,276.5

5.8%

9,158.8

9,040.2

1.3%

Of which international

819.9

817.2

0.3%

5,783.3

6,052.0

(4.4%)

Of which domestic

530.9

459.3

15.6%

3,375.5

2,988.2

13.0%

Revenue Load Factor

69.7%

69.9%

(0.2 p.p.)

64.2%

64.8%

(0.6 p.p.)

Of which international

67.8%

69.3%

(1.6 p.p.)

62.7%

64.6%

(1.9 p.p.)

Of which domestic

72.7%

70.8%

1.9 p.p.

66.9%

65.2%

1.7 p.p.

Revenue Cargo Tonne Kilometres (mln)

56.4

69.5

(18.8%)

437.2

701.1

(37.6%)

Of which international

27.7

36.6

(24.3%)

245.1

496.0

(50.6%)

Of which domestic

28.7

32.9

(12.8%)

192.1

205.1

(6.3%)

Investor enquiries

Aeroflot Investor Relations

+7 (495) 258-06-86

ir@aeroflot.ru

Media enquiries

Aeroflot Press Service

+7 (495) 752-90-71

+7 (499) 500-73-87

+7 (495) 753-86-39

presscentr@aeroflot.ru

Russia

Tom Blackwell

+7 (919) 102-90-64

blackwell@em-comms.com

 

UK/Europe

Peter Morley

+44 7927 186 645

morley@em-comms.com

 

North America

Quinn Martin

+1 646 629 5502

quinn@frontierpr.com

 

About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2013, its 90th anniversary year, Aeroflot carried 20.9 million passengers (31.4 million passengers as Aeroflot Group including subsidiaries), a record for any Russian airline. A proud member of the SkyTeam global airline alliance, Aeroflot and its partners serve more than 1,000 destinations in 177 countries worldwide. Aeroflot operates the youngest fleet in the World (among the major airlines), numbering 153 Airbus, Boeing and Sukhoi airliners. Aeroflot is among the global leaders in aviation safety. The company’s European Community Safety Assessment of Foreign Aircraft (SAFA) Index, which is the main globally recognized safety parameter, is comparable to global peers. The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the fifth time in 2013, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant. In 2014 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the third time. Find more at www.aeroflot.com.


[1] For companies with more than 100 aircraft in operation.