Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for October and 10M 2021[1].
Key highlights of October 2021[2]:
- Aeroflot Group carried 4.5 million passengers, 67.3% up year-on-year and 11.3% down vs. 2019;
- 3.3 million passengers carried in domestic segment, 39.6% up year-on-year and 20.3% up vs. 2019;
- 1.2 million passengers carried in international segment, 3.6x up year-on-year and 48.0%
down vs. 2019. In October 2021 international passenger traffic recovered to 52.0% of 2019 levels; - Group’s RPK increased by 87.1% year-on-year and decreased by 21.8% vs. 2019, ASK increased by 81.4% year-on-year and decreased by 20.0% vs. 2019;
- Aeroflot Group’s passenger load factor was 81.0%, a 2.5 percentage point increase year-on-year;
- Aeroflot Group carried 31.2 thousand tonnes of cargo and mail, up 34.8% year-on-year;
- Pobeda Airlines carried 1.3 million passengers; passenger load factor was 94.8%.
October 2021 Operating Highlights compared to October 2020 and 2019
Aeroflot Group airlines: All flights
|
Aeroflot |
Pobeda |
Rossiya |
Total |
|
|
Passengers carried, thousand PAX |
2,121.1 |
1,340.0 |
1,027.9 |
4,489.0 |
|
Change vs. 2020, % |
95.5% |
28.3% |
85.3% |
67.3% |
|
Change vs. 2019, % |
(33.2%) |
42.0% |
9.2% |
(11.3%) |
|
Available Seat Kilometres, million |
7,059.9 |
2,420.0 |
3,162.6 |
12,642.4 |
|
Change vs. 2020, % |
2.1х |
28.6% |
82.3% |
81.4% |
|
Change vs. 2019, % |
(34.4%) |
37.2% |
(3.4%) |
(20.0%) |
|
Passenger load factor, % |
74.7% |
94.8% |
84.6% |
81.0% |
|
Change vs. 2020, % |
4.5 p.p. |
3.3 p.p. |
3.9 p.p. |
2.5 p.p. |
|
Change vs. 2019, % |
(5.2 p.p.) |
(0.8 p.p.) |
(1.2 p.p.) |
(1.8 p.p.) |
|
Cargo and mail carried, tonnes |
21,174.9 |
5,703.3 |
4,315.0 |
31,193.1 |
|
Change vs. 2020, % |
41.2% |
18.4% |
29.4% |
34.8% |
|
Change vs. 2019, % |
5.1% |
12.2% |
27.3% |
9.0% |
|
|
|
|
|
|
Aeroflot Group airlines: Domestic flights
|
Aeroflot |
Pobeda |
Rossiya |
Total |
|
|
Passengers carried, thousand PAX |
1,384.6 |
1,202.0 |
686.5 |
3,273.2 |
|
Change vs. 2020, % |
58.5% |
20.7% |
44.4% |
39.6% |
|
Change vs. 2019, % |
(9.6%) |
64.1% |
50.1% |
20.3% |
|
Available Seat Kilometres, million |
3,683.1 |
2,056.1 |
1,849.3 |
7,588.5 |
|
Change vs. 2020, % |
51.7% |
17.6% |
23.9% |
33.9% |
|
Change vs. 2019, % |
8.4% |
63.2% |
24.3% |
23.5% |
|
Passenger load factor, % |
80.6% |
95.2% |
81.4% |
84.7% |
|
Change vs. 2020, % |
10.8 p.p. |
3.7 p.p. |
2.2 p.p. |
5.7 p.p. |
|
Change vs. 2019, % |
(2.5 p.p.) |
(0.7 p.p.) |
(2.4 p.p.) |
(1.1 p.p.) |
|
Cargo and mail carried, tonnes |
8,704.6 |
4,564.0 |
3,985.3 |
17,253.8 |
|
Change vs. 2020, % |
22.2% |
5.2% |
20.4% |
16.8% |
|
Change vs. 2019, % |
26.5% |
41.0% |
27.5% |
30.3% |
|
|
|
|
|
|
Aeroflot Group airlines: International flights
|
Aeroflot |
Pobeda |
Rossiya |
Total |
|
|
Passengers carried, thousand PAX |
736.5 |
137.9 |
341.4 |
1,215.9 |
|
Change vs. 2020, % |
3.5х |
2.8х |
4.3х |
3.6х |
|
Change vs. 2019, % |
(55.1%) |
(34.8%) |
(29.4%) |
(48.0%) |
|
Available Seat Kilometres, million |
3,376.7 |
363.8 |
1,313.3 |
5,053.9 |
|
Change vs. 2020, % |
3.6х |
2.7х |
5.4х |
3.9х |
|
Change vs. 2019, % |
(54.1%) |
(27.9%) |
(26.4%) |
(47.6%) |
|
Passenger load factor, % |
68.4% |
92.3% |
89.2% |
75.5% |
|
Change vs. 2020, % |
(3.0 p.p.) |
2.2 p.p. |
(0.8 p.p.) |
(1.2 p.p.) |
|
Change vs. 2019, % |
(10.1 p.p.) |
(2.4 p.p.) |
1.7 p.p. |
(5.5 p.p.) |
|
Cargo and mail carried, tonnes |
12,470.3 |
1,139.3 |
329.7 |
13,939.3 |
|
Change vs. 2020, % |
58.4% |
2.4х |
13.4х |
66.4% |
|
Change vs. 2019, % |
(6.0%) |
(38.3%) |
25.3% |
(9.3%) |
Fleet update
In October 2021 Aeroflot Airlines phased out one Airbus А330-200 and transferred two SSJ100 to the fleet
of Rossiya Airlines as part of intra-group redistribution. As of 31 October 2021, the fleet of Aeroflot Group consisted of 351 aircraft.
|
|
Net changes in the fleet |
Number of aircraft |
|
|
|
October 2021 |
10M 2021 |
as of 31.10.2021 |
|
Aeroflot Group |
–1 |
+9 |
351 |
|
Aeroflot Airlines |
–3 |
–48 |
193 |
|
Pobeda Airlines |
– |
+10 |
44 |
|
Rossiya Airlines |
+2 |
+47 |
114 |
Aeroflot Group Operating Results
(pro forma, excluding the results of Aurora Airlines in 2020)[3]
|
October 2021 |
October 2020 |
Change |
10M 2021 |
10M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
4,489.0 |
2,684.0 |
67.3% |
38,602.7 |
25,128.5 |
53.6% |
|
- international |
1,215.9 |
339.4 |
3.6х |
6,659.6 |
5,453.3 |
22.1% |
|
- domestic |
3,273.2 |
2,344.6 |
39.6% |
31,943.2 |
19,675.2 |
62.4% |
|
Revenue Passenger Kilometres, mn |
10,246.0 |
5,476.8 |
87.1% |
83,968.3 |
58,367.9 |
43.9% |
|
- international |
3,815.2 |
998.4 |
3.8х |
21,319.6 |
19,519.6 |
9.2% |
|
- domestic |
6,430.8 |
4,478.4 |
43.6% |
62,648.7 |
38,848.3 |
61.3% |
|
Available Seat Kilometres, mn |
12,642.4 |
6,970.3 |
81.4% |
103,500.6 |
78,553.5 |
31.8% |
|
- international |
5,053.9 |
1,301.5 |
3.9х |
28,954.8 |
27,357.7 |
5.8% |
|
- domestic |
7,588.5 |
5,668.8 |
33.9% |
74,545.8 |
51,195.7 |
45.6% |
|
Passenger load factor, % |
81.0% |
78.6% |
2.5 p.p. |
81.1% |
74.3% |
6.8 p.p. |
|
- international |
75.5% |
76.7% |
(1.2 p.p.) |
73.6% |
71.3% |
2.3 p.p. |
|
- domestic |
84.7% |
79.0% |
5.7 p.p. |
84.0% |
75.9% |
8.2 p.p. |
|
Cargo and mail carried, tonnes |
31,193.1 |
23,146.7 |
34.8% |
234,817.4 |
185,187.9 |
26.8% |
|
- international |
13,939.3 |
8,378.5 |
66.4% |
82,160.7 |
71,386.0 |
15.1% |
|
- domestic |
17,253.8 |
14,768.2 |
16.8% |
152,656.7 |
113,801.9 |
34.1% |
|
Revenue Cargo Tonne Kilometres, mn |
141.2 |
97.8 |
44.5% |
994.6 |
819.3 |
21.4% |
|
- international |
73.2 |
43.3 |
69.2% |
439.7 |
387.7 |
13.4% |
|
- domestic |
68.0 |
54.5 |
24.8% |
554.9 |
431.6 |
28.6% |
|
Revenue Tonne Kilometres, mn |
1,063.4 |
590.7 |
80.0% |
8,551.7 |
6,072.4 |
40.8% |
|
- international |
416.6 |
133.1 |
3.1х |
2,358.4 |
2,144.5 |
10.0% |
|
- domestic |
646.8 |
457.5 |
41.4% |
6,193.3 |
3,928.0 |
57.7% |
|
Available Tonne Kilometres, mn |
1,594.7 |
913.4 |
74.6% |
12,957.2 |
9,977.8 |
29.9% |
|
- international |
699.5 |
251.3 |
2.8х |
4,149.3 |
3,960.3 |
4.8% |
|
- domestic |
895.2 |
662.1 |
35.2% |
8,807.9 |
6,017.5 |
46.4% |
|
Revenue load factor, % |
66.7% |
64.7% |
2.0 p.p. |
66.0% |
60.9% |
5.1 p.p. |
|
- international |
59.6% |
53.0% |
6.6 p.p. |
56.8% |
54.1% |
2.7 p.p. |
|
- domestic |
72.2% |
69.1% |
3.1 p.p. |
70.3% |
65.3% |
5.0 p.p. |
|
Revenue flights |
31,258 |
20,407 |
53.2% |
272,508 |
199,601 |
36.5% |
|
- international |
7,768 |
2,097 |
3.7х |
42,193 |
42,598 |
(1.0%) |
|
- domestic |
23,490 |
18,310 |
28.3% |
230,315 |
157,003 |
46.7% |
|
Flight hours |
84,374 |
48,979 |
72.3% |
690,656 |
519,580 |
32.9% |
Aeroflot Group Operating Results
Aeroflot Airlines
|
October 2021 |
October 2020 |
Change |
10M 2021 |
10M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
2,121.1 |
1,084.8 |
95.5% |
18,022.3 |
12,705.5 |
41.8% |
|
- international |
736.5 |
211.3 |
3.5х |
4,643.7 |
4,038.6 |
15.0% |
|
- domestic |
1,384.6 |
873.5 |
58.5% |
13,378.7 |
8,666.9 |
54.4% |
|
Revenue Passenger Kilometres, mn |
5,276.0 |
2,355.8 |
2.2х |
43,163.4 |
31,317.5 |
37.8% |
|
- international |
2,308.5 |
660.4 |
3.5х |
15,307.7 |
14,582.2 |
5.0% |
|
- domestic |
2,967.5 |
1,695.3 |
75.0% |
27,855.7 |
16,735.3 |
66.4% |
|
Available Seat Kilometres, mn |
7,059.9 |
3,354.2 |
2.1х |
57,366.9 |
46,662.1 |
22.9% |
|
- international |
3,376.7 |
926.0 |
3.6х |
22,157.8 |
21,677.8 |
2.2% |
|
- domestic |
3,683.1 |
2,428.1 |
51.7% |
35,209.2 |
24,984.3 |
40.9% |
|
Passenger load factor, % |
74.7% |
70.2% |
4.5 p.p. |
75.2% |
67.1% |
8.1 p.p. |
|
- international |
68.4% |
71.3% |
(3.0 p.p.) |
69.1% |
67.3% |
1.8 p.p. |
|
- domestic |
80.6% |
69.8% |
10.8 p.p. |
79.1% |
67.0% |
12.1 p.p. |
|
Revenue flights |
15,608 |
10,534 |
48.2% |
135,396 |
123,224 |
9.9% |
|
- international |
5,361 |
1,545 |
3.5х |
31,338 |
34,926 |
(10.3%) |
|
- domestic |
10,247 |
8,989 |
14.0% |
104,058 |
88,298 |
17.8% |
|
Flight hours |
46,166 |
25,542 |
80.7% |
370,024 |
324,744 |
13.9% |
Pobeda Airlines
|
October 2021 |
October 2020 |
Change |
10M 2021 |
10M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
1,340.0 |
1,044.3 |
28.3% |
12,097.2 |
7,356.5 |
64.4% |
|
- international |
137.9 |
48.8 |
2.8х |
591.5 |
574.7 |
2.9% |
|
- domestic |
1,202.0 |
995.5 |
20.7% |
11,505.6 |
6,781.7 |
69.7% |
|
Revenue Passenger Kilometres, mn |
2,293.5 |
1,720.7 |
33.3% |
20,130.6 |
12,645.2 |
59.2% |
|
- international |
335.9 |
119.9 |
2.8х |
1,474.4 |
1,310.5 |
12.5% |
|
- domestic |
1,957.6 |
1,600.9 |
22.3% |
18,656.3 |
11,334.8 |
64.6% |
|
Available Seat Kilometres, mn |
2,420.0 |
1,881.5 |
28.6% |
21,403.7 |
13,661.5 |
56.7% |
|
- international |
363.8 |
133.0 |
2.7х |
1,700.8 |
1,481.5 |
14.8% |
|
- domestic |
2,056.1 |
1,748.6 |
17.6% |
19,702.9 |
12,180.0 |
61.8% |
|
Passenger load factor, % |
94.8% |
91.5% |
3.3 p.p. |
94.1% |
92.6% |
1.5 p.p. |
|
- international |
92.3% |
90.2% |
2.2 p.p. |
86.7% |
88.5% |
(1.8 p.p.) |
|
- domestic |
95.2% |
91.6% |
3.7 p.p. |
94.7% |
93.1% |
1.6 p.p. |
|
Revenue flights |
7,479 |
6,045 |
23.7% |
68,109 |
42,037 |
62.0% |
|
- international |
792 |
286 |
2.8х |
3,612 |
3,454 |
4.6% |
|
- domestic |
6,687 |
5,759 |
1.2х |
64,497 |
38,583 |
67.2% |
|
Flight hours |
17,308 |
13,267 |
30.5% |
152,122 |
95,970 |
58.5% |
Rossiya Airlines
|
October 2021 |
October 2020 |
Change |
10M 2021 |
10M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
1,027.9 |
554.9 |
85.3% |
8,483.2 |
5,066.6 |
67.4% |
|
- international |
341.4 |
79.3 |
4.3х |
1,424.4 |
840.0 |
69.6% |
|
- domestic |
686.5 |
475.6 |
44.4% |
7,058.9 |
4,226.5 |
67.0% |
|
Revenue Passenger Kilometres, mn |
2,676.5 |
1,400.3 |
91.1% |
20,674.2 |
14,405.2 |
43.5% |
|
- international |
1,170.8 |
218.1 |
5.4х |
4,537.5 |
3,626.9 |
25.1% |
|
- domestic |
1,505.7 |
1,182.2 |
27.4% |
16,136.7 |
10,778.3 |
49.7% |
|
Available Seat Kilometres, mn |
3,162.6 |
1,734.6 |
82.3% |
24,729.9 |
18,230.0 |
35.7% |
|
- international |
1,313.3 |
242.5 |
5.4х |
5,096.2 |
4,198.5 |
21.4% |
|
- domestic |
1,849.3 |
1,492.1 |
23.9% |
19,633.7 |
14,031.5 |
39.9% |
|
Passenger load factor, % |
84.6% |
80.7% |
3.9 p.p. |
83.6% |
79.0% |
4.6 p.p. |
|
- international |
89.2% |
89.9% |
(0.8 p.p.) |
89.0% |
86.4% |
2.7 p.p. |
|
- domestic |
81.4% |
79.2% |
2.2 p.p. |
82.2% |
76.8% |
5.4 p.p. |
|
Revenue flights |
8,171 |
3,828 |
2.1х |
69,003 |
34,340 |
2.0х |
|
- international |
1,615 |
266 |
6.1х |
7,243 |
4,218 |
71.7% |
|
- domestic |
6,556 |
3,562 |
84.1% |
61,760 |
30,122 |
2.1х |
|
Flight hours |
20,900 |
10,170 |
2.1х |
168,509 |
98,866 |
70.4% |
Appendix 1.
Aeroflot Group Operating Results (including the results of Aurora Airlines in 2020)[4]
|
October 2021 |
October 2020 |
Change |
10M 2021 |
10M 2020 |
Change |
|||
|
Passengers carried, thousand PAX |
4,489.0 |
2,748.9 |
63.3% |
38,602.7 |
25,805.1 |
49.6% |
||
|
- international |
1,215.9 |
339.6 |
3.6х |
6,659.6 |
5,525.1 |
20.5% |
||
|
- domestic |
3,273.2 |
2,409.3 |
35.9% |
31,943.2 |
20,280.0 |
57.5% |
||
|
Revenue Passenger Kilometres, mn |
10,246.0 |
5,561.4 |
84.2% |
83,968.3 |
59,295.6 |
41.6% |
||
|
- international |
3,815.2 |
998.6 |
3.8х |
21,319.6 |
19,629.0 |
8.6% |
||
|
- domestic |
6,430.8 |
4,562.8 |
40.9% |
62,648.7 |
39,666.5 |
57.9% |
||
|
Available Seat Kilometres, mn |
12,642.4 |
7,133.1 |
77.2% |
103,500.6 |
80,327.6 |
28.8% |
||
|
- international |
5,053.9 |
1,302.4 |
3.9х |
28,954.8 |
27,573.2 |
5.0% |
||
|
- domestic |
7,588.5 |
5,830.7 |
30.1% |
74,545.8 |
52,754.4 |
41.3% |
||
|
Passenger load factor, % |
81.0% |
78.0% |
3.1 p.p. |
81.1% |
73.8% |
7.3 p.p. |
||
|
- international |
75.5% |
76.7% |
(1.2 p.p.) |
73.6% |
71.2% |
2.4 p.p. |
||
|
- domestic |
84.7% |
78.3% |
6.5 p.p. |
84.0% |
75.2% |
8.8 p.p. |
||
|
Cargo and mail carried, tonnes |
31,193.1 |
23,706.9 |
31.6% |
234,817.4 |
189,708.2 |
23.8% |
||
|
- international |
13,939.3 |
8,378.5 |
66.4% |
82,160.7 |
71,507.8 |
14.9% |
||
|
- domestic |
17,253.8 |
15,328.4 |
12.6% |
152,656.7 |
118,200.4 |
29.2% |
||
|
Revenue Cargo Tonne Kilometres, mn |
141.2 |
98.7 |
43.1% |
994.6 |
827.0 |
20.3% |
||
|
- international |
73.2 |
43.3 |
69.2% |
439.7 |
387.9 |
13.4% |
||
|
- domestic |
68.0 |
55.4 |
22.8% |
554.9 |
439.1 |
26.4% |
||
|
Revenue Tonne Kilometres, mn |
1,063.4 |
599.2 |
77.5% |
8,551.7 |
6,163.6 |
38.7% |
||
|
- international |
416.6 |
133.1 |
3.1х |
2,358.4 |
2,154.5 |
9.5% |
||
|
- domestic |
646.8 |
466.0 |
38.8% |
6,193.3 |
4,009.1 |
54.5% |
||
|
Available Tonne Kilometres, mn |
1,594.7 |
930.7 |
71.3% |
12,957.2 |
10,162.3 |
27.5% |
||
|
- international |
699.5 |
251.4 |
2.8х |
4,149.3 |
3,983.8 |
4.2% |
||
|
- domestic |
895.2 |
679.3 |
31.8% |
8,807.9 |
6,178.6 |
42.6% |
||
|
Revenue load factor, % |
66.7% |
64.4% |
2.3 p.p. |
66.0% |
60.7% |
5.3 p.p. |
||
|
- international |
59.6% |
53.0% |
6.6 p.p. |
56.8% |
54.1% |
2.8 p.p. |
||
|
- domestic |
72.2% |
68.6% |
3.6 p.p. |
70.3% |
64.9% |
5.4 p.p. |
||
|
Revenue flights |
31,258 |
21,670 |
44.2% |
272,508 |
213,504 |
27.6% |
||
|
- international |
7,768 |
2,103 |
3.7х |
42,193 |
43,786 |
(3.6%) |
||
|
- domestic |
23,490 |
19,567 |
20.0% |
230,315 |
169,718 |
35.7% |
||
|
Flight hours |
84,374 |
51,282 |
64.5% |
690,656 |
544,490 |
26.8% |
||