Aeroflot Group announces operating results for October 2014 and the first ten months of 2014

Moscow, 2014-12-1 — /Travel PR News/ — JSC «Aeroflot» («the Company», Moscow Exchange ticker: AFLT) announces operating results of Aeroflot Group («the Group») and the Company for October 2014 and the first ten months of 2014.

Operating Highlights

Passenger traffic of Aeroflot Group in October 2014 was 2.9 mln, up 8.0% year-on-year. For 10M 2014, the Group’s passenger traffic totalled 29.5 mln, a 10.3% year-on-year increase. JSC Aeroflot’s traffic was 2.1 mln in October 2014 and 19.9 mln in 10M 2014, up 10.3% and 13.0% year-on-year, respectively.

In October 2014, the Group’s revenue passenger kilometres («RPKs») rose by 4.2% year-on-year, while the Company posted 9.0% year-on-year RPK growth. The Group and the Company delivered increases in available seat kilometres («ASKs») of 3.9% and 10.3%, respectively.

On domestic routes, the Group’s traffic and RPKs grew by 24.4% and 18.3% year-on-year in October 2014, mainly driven by increased flight frequencies and carrying capacities on high-demand routes. JSC Aeroflot saw an increase in traffic of 26.8% and an increase in RPKs of 19.4% in October. As a result, the Group’s and the Company’s passenger load factors increased by 2.9 percentage points (p.p.) and 1.2 p.p. to 79.3% and 82.7%, respectively.

On international routes, the Group’s traffic and RPKs declined 5.5% and 3.4% year-on-year in October 2014. The Company’s international passenger traffic was down 1.4% year-on-year, while the Company’s RPKs increased 3.7% year-on-year. The changes in the Group’s international traffic and RPKs were driven by Aeroflot’s decision to cease carrying passengers under block charter agreements (the least profitable passenger segment), as well as by lower frequency of flights to Ukrainian destinations and reclassification of flights to Simferopol as domestic.

Fleet Update

During 10M 2014, Aeroflot expanded its fleet with 13 Airbus A320s, three Boeing 737-800 and six Boeing 777-300ERs. In the same period, five Boeing 767-300ERs and two Airbus A320 family aircraft exited the Aeroflot fleet as their leases expired, and five Airbus A320 family aircraft were transferred to subsidiary airlines. The Company’s fleet is now the youngest in the world with an average aircraft age of 4.0 years as of 31 October 2014.

Aeroflot Group operating results  

October 2014

October 2013

Change

10M 2014

10M 2013

Change

Passengers carried, thousand PAX

2,920.0

2,702.8

8.0%

29,451.0

26,709.6

10.3%

– international

1,396.5

1,477.7

(5.5%)

14,683.6

14,927.3

(1.6%)

– domestic

1,523.5

1,225.1

24.4%

14,767.4

11,782.3

25.3%

Revenue Passenger Kilometres, mln

7,604.6

7,294.8

4.2%

76,713.5

72,657.7

5.6%

– international

4,572.8

4,733.0

(3.4%)

47,304.9

47,879.6

(1.2%)

– domestic

3,031.8

2,561.8

18.3%

29,408.6

24,778.1

18.7%

Available Seat Kilometres, mln

9,826.8

9,454.3

3.9%

97,124.4

92,062.4

5.5%

– international

6,001.7

6,099.2

(1.6%)

61,039.2

60,467.1

0.9%

– domestic

3,825.1

3,355.1

14.0%

36,085.2

31,595.3

14.2%

Passenger load factor

77.4%

77.2%

0.2 p.p.

79.0%

78.9%

0.1 p.p.

– international

76.2%

77.6%

(1.4 p.p.)

77.5%

79.2%

(1.7 p.p.)

– domestic

79.3%

76.4%

2.9 p.p.

81.5%

78.4%

3.1 p.p.

Cargo and mail carried, tonnes

16,615.4

17,709.7

(6.2%)

133,166.6

171,312.8

(22.3%)

– international

8,096.5

9,147.4

(11.5%)

67,334.7

103,692.4

(35.1%)

– domestic

8,518.9

8,562.3

(0.5%)

65,831.9

67,620.4

(2.6%)

Revenue Cargo Tonne Kilometres, mln

75.0

78.3

(4.2%)

580.1

849.8

(31.7%)

– international

40.0

43.3

(7.6%)

321.7

577.0

(44.2%)

– domestic

35.0

35.1

(0.3%)

258.4

272.8

(5.3%)

Revenue Tonne Kilometres, mln

759.3

734.9

3.3%

7,484.4

7,389.0

1.3%

– international

451.5

469.3

(3.8%)

4,579.2

4,886.2

(6.3%)

– domestic

307.8

265.6

15.9%

2,905.2

2,502.8

16.1%

Available Tonne Kilometres, mln

1,181.4

1,134.7

4.1%

11,600.2

11,355.2

2.2%

– international

730.8

734.3

(0.5%)

7,292.2

7,547.5

(3.4%)

– domestic

450.6

400.4

12.5%

4,308.0

3,807.7

13.1%

Revenue load factor

64.3%

64.8%

(0.5 p.p.)

64.5%

65.1%

(0.6 p.p.)

– international

61.8%

63.9%

(2.1 p.p.)

62.8%

64.7%

(1.9 p.p.)

– domestic

68.3%

66.3%

2.0 p.p.

67.4%

65.7%

1.7 p.p.

Flight hours for fleet

69,206

67,210

3.0%

682,530

654,429

4.3%

JSC Aeroflot operating results

October 2014

October 2013

Change

10M 2014

10M 2013

Change

Passengers carried, thousand PAX

2,068.6

1,875.6

10.3%

19,901.3

17,607.9

13.0%

– international

1,081.6

1,097.4

(1.4%)

10,493.9

10,428.8

0.6%

– domestic

987.0

778.2

26.8%

9,407.4

7,179.1

31.0%

Revenue Passenger Kilometres, mln

5,913.0

5,425.8

9.0%

56,641.4

50,787.8

11.5%

– international

3,748.5

3,613.2

3.7%

35,935.5

34,353.9

4.6%

– domestic

2,164.5

1,812.6

19.4%

20,705.9

16,433.9

26.0%

Available Seat Kilometres, mln

7,542.7

6,840.9

10.3%

71,386.3

63,785.3

11.9%

– international

4,925.0

4,616.1

6.7%

46,572.9

43,800.9

6.3%

– domestic

2,617.7

2,224.8

17.7%

24,813.4

19,984.4

24.2%

Passenger load factor

78.4%

79.3%

(0.9 p.p.)

79.3%

79.6%

(0.3 p.p.)

– international

76.1%

78.3%

(2.2 p.p.)

77.2%

78.4%

(1.2 p.p.)

– domestic

82.7%

81.5%

1.2 p.p.

83.4%

82.2%

1.2 p.p.

Cargo and mail carried, tonnes

14,687.5

15,210.4

(3.4%)

116,293.0

147,425.5

(21.1%)

– international

7,885.9

8,812.0

(10.5%)

64,970.3

100,500.2

(35.4%)

– domestic

6,801.6

6,398.4

6.3%

51,322.7

46,925.3

9.4%

Revenue Cargo Tonne Kilometres, mln

70.9

72.8

(2.6%)

547.1

786.1

(30.4%)

– international

39.4

42.4

(7.1%)

316.0

569.5

(44.5%)

– domestic

31.5

30.4

3.6%

231.1

216.6

6.7%

Revenue Tonne Kilometres, mln

603.1

561.1

7.5%

5,644.8

5,357.1

5.4%

– international

376.8

367.6

2.5%

3,550.1

3,661.4

(3.0%)

– domestic

226.3

193.5

17.0%

2,094.7

1,695.7

23.5%

Available Tonne Kilometres, mln

938.0

852.6

10.0%

8,862.3

8,284.9

7.0%

– international

618.8

573.4

7.9%

5,776.4

5,765.9

0.2%

– domestic

319.2

279.2

14.3%

3,085.9

2,519.0

22.5%

Revenue load factor

64.3%

65.8%

(1.5 p.p.)

63.7%

64.7%

(1.0 p.p.)

– international

60.9%

64.1%

(3.2 p.p.)

61.5%

63.5%

(2.0 p.p.)

– domestic

70.9%

69.3%

1.6 p.p.

67.9%

67.3%

0.6 p.p.

Flight hours for fleet

48,372

44,947

7.6%

461,169

424,472

8.6%

 

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

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

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 1,052 destinations in 177 countries worldwide. Aeroflot operates the youngest fleet in the world (among the major airlines), numbering 152 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.

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