August 6, 2013 MOSCOW
For the first time in Russian aviation history, Aeroflot Group is among top 5 airline holdings in Europe and top 25 world airlines by revenue according to the rating of Airline Business, one of the most influential magazines in the industry.
August edition featured the annual analytical review World Airline Rankings where the biggest Russian airline holding confidently holds fifth place in the rating of leading European airlines, ousting such key players of the European market as Ryanair, SAS Group, EasyJet and Alitalia.
Indeed, Aeroflot’s success is unrivaled for a Russian airline — from 12th place in 2009 to 5th place nowadays, reaching European titans like Lufthansa, Air France-KLM and IAG. Airline Business notes that in the past 10 years, Aeroflot’s revenue grew by almost 600 percent, which looks especially impressive in comparison with the stagnating results displayed by the European champions in the same period.
According to International Financial Reporting Standards (IFRS), since 2011 Aeroflot’s revenue grew by 51% up to $8.138 million. Aeroflot’s leading positions are especially significant since Airline Business places emphasis on the economic aspects of the airline industry in its rating.
On the global scale, Aeroflot Group occupies 23rd place in terms of revenue and 19th place in terms of passenger traffic. In 2012, Aeroflot’s traffic flow was 74.618 billion passenger-kilometers, increasing by 61.9% from 2011, while the average growth for Europe is 5.2%. These figures also demonstrate that Aeroflot also considerably outpaces the overall growth of Russian civil aviation industry.
In top 200 world airlines based on the similar indicators, Aeroflot has strengthened its position and reached 27th place increasing the volume of traffic in 2012 to 50.532 billion passenger-kilometers, which is 20.3% more performed passenger traffic than in 2011.
Airline Business also notes that the growth of Europe’s airline industry was mostly ensured by the dynamic development of companies like Aeroflot. Each year the Russian holding enhances its presence in the European airline market, which also strengthens the role of Russia’s national economy in the European economic space. Joining Top 5 largest European airline groups, Aeroflot Group has not only strengthened its own position in the international civil aviation world, but has also contributed to Russia’s positive image in the international arena.
Сelebrating its 90-th anniversary in 2013, Aeroflot is Russia’s flagship airline and the largest national air company. Proudly being a member of the SkyTeam global airline alliance, Aeroflot with its partnering members provides service to more than 1000 destinations in 178 countries. Aeroflot operates one of the most modern and youngest fleets in Europe counting 139 aircraft formed by Airbus, Boeing and Sukhoi airliners with an average airplane age between five and six years old. In 2012 Aeroflot carried 17.7 million passengers (27.5 million passengers as Aeroflot Group), continuously showing the best results in modern Russia’s history. In June 2013 Aeroflot was for the second time awarded by SKYTRAX as The Best Airline in Eastern Europe. Find more at www.aeroflot.com.