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Company News

09 March 2016

AEROFLOT GROUP SECOND HIGHEST OPERATING MARGIN AMONG LEGACY EUROPEAN CARRIERS IN 2015

Moscow, 9 March 2016. — Aeroflot Group reported the second-highest operating margin among legacy European airline groups in 2015, with an operating margin of 10.6% on operating profit of RUB 44,107 million.

Also for 2015, Aeroflot Group’s flagship airline, Aeroflot — Russian Airlines, was the fifth-largest airline in Europe by Revenue Passenger Kilometers (RPKs), the industry’s main measure of passenger traffic. Aeroflot — Russian Airlines’ RPKs increased 10.4% in 2015, more than twice as fast as the European average of 5.1%, according to Airline Business magazine.

Aeroflot’s rise in the European rankings comes despite a challenging economic environment for Russia, with the economy in recession and real wages and consumer spending down markedly.

The Group is succeeding thanks to a multi-brand strategy that allows it to capture business across all market segments, a reputation for safety and customer service excellence and the retreat of international and domestic peers.

Among listed European legacy airlines, Aeroflot Group’s 10.6% operating margin placed it behind only Icelandair, and ahead of British Airways parent IAG, according to authoritative industry research group CAPA Centre for Aviaiton. These three airlines were the only legacy European carriers to post double-digit operating margins for the year.

Noting Aeroflot Group’s Strategy 2025 ambitions to be among the world’s top 20 airlines and Europe’s top five by 2025, based on RPKs and revenue CAPA noted, «Aeroflot is well placed to achieve long term goals.»

The biggest contributor to Aeroflot Group’s 13% rise in passenger numbers was its low cost subsidiary Pobeda, which launched in late 2014. Pobeda delivered 2015 traffic of 3.1 million passengers, mainly in the domestic market, while the airline has also recently launched its first international routes from Moscow to Cologne/Bonn, Bratislava, Memmingen and Milan.

About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2015, Aeroflot carried 26.1 million passengers (39.4 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 1,057 destinations in 179 countries worldwide. Aeroflot operates one of the youngest fleets in the world, numbering 170 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 sixth time in 2015, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant. In 2015 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the fourth time and for the first time was ranked among TOP-10 airlines with Best Airline Cuisine according to Global Traveler. Find more at www.aeroflot.com.