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Company News

21 March 2017

CAPA Centre for Aviation Highlights Record Achievements and Strategic Transformation of Aeroflot Group

21 March 2017, Moscow. – Leading global aviation analysis agency Centre for Aviation (CAPA) has published a report on Aeroflot Group. As the report points out, the Group has achieved outstanding results, exemplified by its performance in 2016, thanks to its strategic transformation.

Aeroflot's transition to a multi-brand platform covering all market segments has supported strong growth in the scale of the Group's operations, the study says. From 2009 to 2016 the Group's annual passenger traffic increased almost four times, while passenger load factor increased by 11.3 p.p., and its revenue grew by nearly fivefold.

Experts agree that Aeroflot's growth in 2016 “bucked the falling trend in the Russian market overall”, where total passenger traffic fell by 4.1% in 2016.

Aeroflot Group's 43.4 million passengers put it in seventh place among European airline groups by passengers traffic in 2016, the Centre reports.

In 2016 Aeroflot Group achieved its best net profit and operating profit since the start of the current decade. Operating margin, which reached 12.8%, was higher than for other leading European airline groups with similar business models. Aeroflot Group's operating margin was just ahead of IAG’s (comprising British Airways and Iberia) 11.2% operating margin, and comfortably above Air France-KLM's 4.2% margin.

“Aeroflot's period of rising traffic, revenue and profitability has come at a time of great economic stress for Russia”, the study highlights. The Group has successfully weathered a “severe economic storm”.

Aeroflot benefits from its structural advantages and well-designed strategy, according to the CAPA analysts, who go on to express confidence that Aeroflot Group will continue its strong growth to achieve its strategic goals.

About Aeroflot

Aeroflot is Russia’s flagship carrier and a proud member of the SkyTeam global airline alliance. Aeroflot and its partners serve 1,062 destinations in 177 countries worldwide. In 2016, Aeroflot carried 29 million passengers (43.4 million passengers as Aeroflot Group including subsidiaries).

In 2016 Aeroflot became the first Russian airline to be awarded Four Star Airline status by Skytrax in recognition of the high-quality of its customer service, and was also named Best Airline in Eastern Europe for the fifth time at the Skytrax World Airline Awards.

Aeroflot operates one of the youngest fleets in the world with 190 aircraft. Aeroflot is based in Moscow, at Sheremetyevo International Airport.

Aeroflot is among the global leaders in aviation safety, with a European Community Safety Assessment of Foreign Aircraft (SAFA) Index, the main globally recognized safety parameter, 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.

Find out more at www.aeroflot.com.