Russia’s Aeroflot Group  said it will carry 61.5 million passengers in 2021, down from a previous guidance released in May 2015 when it forecast it would fly 64.7 million passengers in 2020. In 2014, Aeroflot predicted it would carry 67.6 million passengers in 2020.

At the beginning of 2016, Aeroflot announced it would combine three of its regional subsidiaries — Rossiya Airlines, OrenAir and Donavia — into one company under the Rossiya Airlines brand, which has a fleet of more than 70 aircraft.

The group had expected the combined subsidiary would become the second largest airline in Russia.

In January 2016, Aeroflot carried 2 million passengers, up 10.7% year-over-year (YOY), but the combined subsidiaries have decreased capacity. Saint Petersburg-based Rossiya Airlines carried 275,411 passengers in January, down 27.4% YOY; OrenAir carried 192,617, down 3.5% YOY; while Donavia carried 75,693, down 33.7%.

According to an Aeroflot statement, group traffic increased 11.6% to 2.97 million passengers. That also includes the results of low-cost subsidiary Pobeda Airline, which reported a fourfold increase in traffic in January to 330,956 YOY. Its Aurora subsidiary carried 85,070, up 16.5% YOY.

International traffic for the group grew 2.7% to 1.24 million while domestic traffic increased 19.1% to 1.72 million. The significant increase of domestic traffic was also due to the Pobeda development, Aeroflot added.

Altogether, Russian airlines carried 5.54 million passengers, down 6.1% YOY. Aeroflot Group has a market share of more than a 50%.