MOSCOW, 2014-5-5 — /Travel PR News/ — JSC Aeroflot («the Company», Moscow Exchange ticker: AFLT) announces operating results of the Company and Aeroflot Group («the Group») for March 2014 and the first quarter of 2014.
Highlights
Aeroflot standalone:
• Passenger traffic in March 2014 totalled 1.84 mln. This represented 16.8% year-on-year growth, nearly double the overall Russian industry growth rate for the period of 8.9%. The increase was primarily due to a 34.8% rise in domestic traffic on the back of additional available capacity. International traffic rose 5.7% in March 2014. For Q1 2014, passenger traffic totalled 4.98 mln, a 15.2% year-on-year increase and faster than the 10.3% year-on-year increase for the industry as a whole.
• Revenue passenger kilometres («RPK») for March 2014 totalled 5.27 bln, a year-on-year increase of 11.4%. RPKs for domestic flights were the main growth driver (up 33.4% year-on-year), while RPKs on international flights posted a rise of 3.0%. Aeroflot’s March RPK growth rate was significantly faster than that of the industry as a whole (4.3%). For Q1 2014, RPKs increased 10.5% year-on-year to 14.39 bln. This growth was faster than the 7.4% year-on-year increase for the industry as a whole.
• In Q1 2014 the Company expanded its fleet, flying eight new Airbus A320s, one new Boeing 737-800 and three new Boeing 777-300ERs. These additions contributed to a 16.9% year-on-year rise in available seat kilometres («ASK») for March 2014 and a 14.2% increase for Q1 2014. The new factory-direct planes also contributed to the ongoing modernisation of the fleet, which is now one of the youngest in Europe.
• Higher ASK contributed to a decrease in the passenger load factor; it was 76.0% for the month, 3.3 percentage points lower than for March 2013.
Aeroflot Group:
• Total passenger traffic for March 2014 was 2.48 mln, up 10.7% year-on-year. The main factor driving passenger traffic growth was a 28.9% increase in domestic traffic. International traffic declined 2.7% for the month. Passenger traffic for Q1 2014 increased 12.2% year-on-year to 6.89 mln.
• March RPK increased 0.3% year-on-year to 6.53 bln. The significant growth in domestic RPKs of 21.7% was balanced by a decrease in international RPKs of 8.7%, which was primarily due to reallocation of some OrenAir capacity from Middle East and Asia routes (due to political instability) to European destinations. RPK for Q1 2014 increased 2.8% to 18.36 bln.
• The passenger load factor for March 2014 was 74.6%.
Other events:
• In 2013 JSC Aeroflot discontinued its dedicated cargo fleet, switching to belly cargo operations. This was the main reason that cargo carried decreased 19.1% year-on-year in March 2014.
The tables below provide key operating results for JSC Aeroflot and Aeroflot Group.
Aeroflot standalone traffic figures
| March 2014 |
March 2013 |
Change | Q1 2014 |
Q1 2013 |
Change | |
| Passengers carried (000s) | 1,838.1 | 1,573.2 | 16.8% | 4,981.6 | 4,323.5 | 15.2% |
| Revenue Passenger Kilometers (mln) | 5,266.7 | 4,728.1 | 11.4% | 14,391.5 | 13,020.3 | 10.5% |
| Available Seat Kilometers (mln) | 6,926.1 | 5,924.9 | 16.9% | 19,324.3 | 16,920.2 | 14.2% |
| Passenger Load Factor | 76.0% | 79.8% | (3.8 p.p.) | 74.5% | 77.0% | (2.5 p.p.) |
| Cargo and mail carried (tonnes) | 13,903.1 | 17,178.4 | (19.1%) | 33,456.6 | 41,063.2 | (18.5%) |
| Revenue Tonne Kilometers (mln) | 539.4 | 524.0 | 2.9% | 1,448.6 | 1,400.2 | 3.5% |
| Available Tonne Kilometers (mln) | 857.7 | 799.6 | 7.3% | 2,384.2 | 2,227.2 | 7.0% |
| Revenue Load Factor | 62.9% | 65.5% | (2.6 p.p.) | 60.8% | 62.9% | (2.1 p.p.) |
| Revenue Cargo Tonne Kilometers (mln) | 65.4 | 98.5 | (33.6%) | 153.4 | 228.4 | (32.8%) |
Aeroflot Group traffic figures
| March 2014 |
March 2013 |
Change | Q1 2014 |
Q1 2013 |
Change | |
|---|---|---|---|---|---|---|
| Passengers carried (000s) | 2,480.9 | 2,241.4 | 10.7% | 6,894.6 | 6,146.7 | 12.2% |
| Of which international | 1,258.6 | 1,293.1 | (2.7%) | 3,561.1 | 3,552.5 | 0.2% |
| Of which domestic | 1,222.3 | 948.3 | 28.9% | 3,333.5 | 2,594.2 | 28.5% |
| Revenue Passenger Kilometers (mln) | 6,528.1 | 6,506.0 | 0.3% | 18,358.4 | 17,852.8 | 2.8% |
| Of which international | 4,169.6 | 4,567.5 | (8.7%) | 11,878.2 | 12,496.1 | (4.9%) |
| Of which domestic | 2,358.5 | 1,938.5 | 21.7% | 6,480.2 | 5,356.7 | 21.0% |
| Available Seat Kilometers (mln) | 8,753.3 | 8,281.3 | 5.7% | 25,062.7 | 23,506.9 | 6.6% |
| Of which international | 5,609.0 | 5,713.1 | (1.8%) | 16,184.6 | 16,204.6 | (0.1%) |
| Of which domestic | 3,144.3 | 2,568.2 | 22.4% | 8,878.1 | 7,302.3 | 21.6% |
| Passenger Load Factor | 74.6% | 78.6% | (4.0 p.p.) | 73.3% | 75.9% | (2.6 p.p.) |
| Of which international | 74.3% | 79.9% | (5.6 p.p.) | 73.4% | 77.1% | (3.7 p.p.) |
| Of which domestic | 75.0% | 75.5% | (0.5 p.p.) | 73.0% | 73.4% | (0.4 p.p.) |
| Cargo and mail carried (tonnes) | 15,629.7 | 19,727.3 | (20.8%) | 38,214.6 | 47,496.2 | (19.5%) |
| Of which international | 8,778.9 | 13,418.2 | (34.6%) | 21,080.5 | 31,310.3 | (32.7%) |
| Of which domestic | 6,850.8 | 6,309.1 | 8.6% | 17,134.1 | 16,185.9 | 5.9% |
| Revenue Tonne Kilometers (mln) | 656.4 | 691.6 | (5.1%) | 1,815.0 | 1,853.2 | (2.1%) |
| Of which international | 416.7 | 492.8 | (15.4%) | 1,166.1 | 1,308.1 | (10.9%) |
| Of which domestic | 239.7 | 198.8 | 20.6% | 648.9 | 545.1 | 19.0% |
| Available Tonne Kilometers (mln) | 1,052.6 | 1,056.8 | (0.4%) | 2,995.8 | 2,952.5 | 1.5% |
| Of which international | 674.1 | 747.3 | (9.8%) | 1,936.9 | 2,069.2 | (6.4%) |
| Of which domestic | 378.5 | 309.5 | 22.3% | 1,058.9 | 883.3 | 19.9% |
| Revenue Load Factor | 62.4% | 65.4% | (3.0 p.p.) | 60.6% | 62.8% | (2.2 p.p.) |
| Of which international | 61.8% | 65.9% | (4.1 p.p.) | 60.2% | 63.2% | (3.0 p.p.) |
| Of which domestic | 63.3% | 64.2% | (0.9 p.p.) | 61.3% | 61.7% | (0.4 p.p.) |
| Revenue Cargo Tonne Kilometers (mln) | 68.8 | 106.0 | (35.1%) | 162.7 | 246.4 | (34.0%) |
| Of which international | 41.4 | 81.7 | (49.3%) | 97.1 | 183.4 | (47.1%) |
| Of which domestic | 27.4 | 24.3 | 12.8% | 65.6 | 63.0 | 4.1% |
Investor enquiries
Aeroflot Investor Relations
+7 495 258 0686
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 |
Background information:
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 178 countries worldwide. Aeroflot operates one of the most modern and youngest fleets in Europe, numbering 154 Airbus, Boeing and Sukhoi airliners with an average age of 4.3 years. Aeroflot is among world’s 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 compliant. In 2013, Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the second time. Find more at www.aeroflot.com.