Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for April and 4M 2021.
Key highlights of April 2021:
- Aeroflot Group carried 3.0 million passengers, 14.3x up year-on-year and 34.5% down vs. 2019;
- 2.6 million passengers carried in domestic segment, 12.9x up year-on-year and 3.6% up vs. 2019;
- Group’s RPK increased by 11.8x year-on-year and decreased by 48.0% vs. 2019, ASK increased by 5.3x year-on-year and decreased by 46.0% vs. 2019;
- Aeroflot Group’s passenger load factor was 78.0%, a 42.6 percentage point increase year-on-year;
- Pobeda Airlines carried 1.0 million passengers, passenger load factor was 92.7%.
April 2021 Operating Highlights compared to April 2020 and 2019
Aeroflot Group airlines: All flights
|
Aeroflot |
Pobeda |
Rossiya |
Total |
|
|
Passengers carried, thousand PAX |
1,371.4 |
1,011.9 |
636.3 |
3,019.5 |
|
Change vs. 2020, % |
9.3х |
- |
10.3х |
14.3х |
|
Change vs. 2019, % |
(55.1%) |
33.1% |
(20.4%) |
(34.5%) |
|
Available Seat Kilometres, mn |
4,437.2 |
1,791.4 |
1,825.5 |
8,054.1 |
|
Change vs. 2020, % |
3.8х |
- |
5.4х |
5.3х |
|
Change vs. 2019, % |
(58.0%) |
25.5% |
(37.2%) |
(46.0%) |
|
Passenger load factor, % |
73.0% |
92.7% |
75.6% |
78.0% |
|
Change vs. 2020, % |
40.1 p.p. |
- |
31.3 p.p. |
42.6 p.p. |
|
Change vs. 2019, % |
(7.0 p.p.) |
0.7 p.p. |
(3.4 p.p.) |
(3.0 p.p.) |
|
Cargo and mail carried, tonnes |
13,422.3 |
4,326.5 |
4,069.3 |
21,818.1 |
|
Change vs. 2020, % |
1.8х |
- |
4.5х |
2.6х |
|
Change vs. 2019, % |
(30.1%) |
27.0% |
39.3% |
(14.5%) |
|
|
|
|
|
|
Aeroflot Group airlines: Domestic flights
|
Aeroflot |
Pobeda |
Rossiya |
Total |
|
|
Passengers carried, thousand PAX |
1,051.2 |
972.4 |
578.7 |
2,602.3 |
|
Change vs. 2020, % |
7.4х |
- |
9.7х |
12.9х |
|
Change vs. 2019, % |
(25.7%) |
62.3% |
15.7% |
3.6% |
|
Available Seat Kilometres, mn |
2,827.0 |
1 666.6 |
1,602.8 |
6,096.4 |
|
Change vs. 2020, % |
2.7х |
- |
5.0х |
4.4х |
|
Change vs. 2019, % |
(10.6%) |
60.8% |
(0.7%) |
4.9% |
|
Passenger load factor, % |
74.0% |
93.8% |
74.6% |
79.6% |
|
Change vs. 2020, % |
41.4 p.p. |
- |
33.6 p.p. |
45.2 p.p. |
|
Change vs. 2019, % |
(7.0 p.p.) |
(0.1 p.p.) |
(0.2 p.p.) |
(2.0 p.p.) |
|
Cargo and mail carried, tonnes |
7,098.5 |
3,928.5 |
3,034.8 |
14,061.7 |
|
Change vs. 2020, % |
1.4х |
- |
3.7х |
2.4х |
|
Change vs. 2019, % |
27.7% |
89.0% |
18.4% |
37.9% |
|
|
|
|
|
|
Impact of COVID-19 pandemic
In 4M and April 2020, operating results were affected by the dynamics of demand and significant flight restrictions imposed amid the spread of the novel coronavirus infection.
In April 2021, Aeroflot Group continued to restore its domestic traffic volumes and partially restore international flights. Flights to the United Arab Emirates, Maldives, Egypt, Belarus, Kazakhstan, Kyrgyzstan, South Korea, Japan, Serbia, Finland, Azerbaijan, Armenia, India and the Seychelles, based on regulatory approval, were opened.
In April air travel with Turkey was restricted following a decision of the operational headquarters of Russia.
In general, international traffic remained significantly limited.
Fleet update
In April 2021 Aeroflot Airlines and Rossiya Airlines phased out two Airbus А320, and Aeroflot Airlines transferred three Boeing 737-800 to the fleet of Pobeda Airlines and two SSJ100s to the fleet of Rossiya Airlines as part of intra-group redistribution. As of 30 April 2021, the fleet of Aeroflot Group consisted
of 334 aircraft.
|
|
Net changes in the fleet |
Number of aircraft |
|
|
|
April 2021 |
4M 2021 |
as of 30.04.2021 |
|
Aeroflot Group |
–2 |
–8 |
334 |
|
Aeroflot Airlines |
–6 |
–26 |
215 |
|
Pobeda Airlines |
+3 |
+3 |
37 |
|
Rossiya Airlines |
+1 |
+15 |
82 |
Aeroflot Group Operating Results
(pro forma, excluding the results of Aurora Airlines in 2020)[3]
|
April 2021 |
April 2020 |
Change |
4M 2021 |
4M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
3,019.5 |
210.7 |
14.3х |
10,390.1 |
11,125.2 |
(6.6%) |
|
- international |
417.2 |
9.0 |
46.4х |
1,322.1 |
4,454.1 |
(70.3%) |
|
- domestic |
2,602.3 |
201.7 |
12.9х |
9,068,0 |
6,671.1 |
35.9% |
|
Revenue Passenger Kilometres, mn |
6,278.7 |
533.5 |
11.8х |
21,521,8 |
29,182.6 |
(26.3%) |
|
- international |
1,427.7 |
53.1 |
26.9х |
4,499.7 |
16,530.0 |
(72.8%) |
|
- domestic |
4,851.0 |
480.4 |
10.1х |
17,022.1 |
12,652.5 |
34.5% |
|
Available Seat Kilometres, mn |
8,054.1 |
1,508.6 |
5.3х |
27,089.1 |
41,582.1 |
(34.9%) |
|
- international |
1,957.7 |
112.8 |
17.4х |
6,386.0 |
23,300.0 |
(72.6%) |
|
- domestic |
6,096.4 |
1,395.8 |
4.4х |
20,703.0 |
18,282.2 |
13.2% |
|
Passenger load factor, % |
78.0% |
35.4% |
42.6 p.p |
79.4% |
70.2% |
9.3 p.p. |
|
- international |
72.9% |
47.1% |
25.9 p.p. |
70.5% |
70.9% |
(0.5 p.p.) |
|
- domestic |
79.6% |
34.4% |
45.2 p.p. |
82.2% |
69.2% |
13.0 p.p. |
|
Cargo and mail carried, tonnes |
21,818.1 |
8,470.8 |
2.6х |
84,023.3 |
79,502.3 |
5.7% |
|
- international |
7,756.3 |
2,651.3 |
2.9х |
32,736.6 |
41,750.2 |
(21.6%) |
|
- domestic |
14,061.7 |
5,819.4 |
2.4х |
51,286.7 |
37,752.1 |
35.9% |
|
Revenue Cargo Tonne Kilometres, mn |
97.2 |
47.3 |
2.1х |
372.6 |
351.6 |
6.0% |
|
- international |
45.7 |
19.1 |
2.4х |
189.8 |
209.6 |
(9.5%) |
|
- domestic |
51.5 |
28.2 |
1.8х |
182.8 |
142.0 |
28.7% |
|
Revenue Tonne Kilometres, mn |
662.3 |
95.3 |
6.9х |
2,309.5 |
2,978.0 |
(22.4%) |
|
- international |
174.2 |
23.9 |
7.3х |
594.8 |
1,697.3 |
(65.0%) |
|
- domestic |
488.1 |
71.4 |
6.8х |
1,714.8 |
1,280.7 |
33.9% |
|
Available Tonne Kilometres, mn |
1,049.3 |
259.6 |
4.0х |
3,617.0 |
5,097.9 |
(29.0%) |
|
- international |
334.3 |
80.6 |
4.1х |
1,196.0 |
2,951.6 |
(59.5%) |
|
- domestic |
715.0 |
179.0 |
4.0х |
2,421.0 |
2,146.3 |
12.8% |
|
Revenue load factor, % |
63.1% |
36.7% |
26.4 p.p. |
63.9% |
58.4% |
5.4 p.p. |
|
- international |
52.1% |
29.6% |
22.5 p.p. |
49.7% |
57.5% |
(7.8 p.p.) |
|
- domestic |
68.3% |
39.9% |
28.4 p.p. |
70.8% |
59.7% |
11.2 p.p. |
|
Revenue flights |
22,907 |
3,805 |
6.0х |
78,040 |
96,929 |
(19.5%) |
|
- international |
2,794 |
268 |
10.4х |
9,698 |
35,916 |
(73.0%) |
|
- domestic |
20,113 |
3,537 |
5.7х |
68,342 |
61,013 |
12.0% |
|
Flight hours |
56,500 |
10,897 |
5.2х |
194,525 |
269,780 |
(27.9%) |
Aeroflot Group Operating Results
Aeroflot Airlines
|
April 2021 |
April 2020 |
Change |
4M 2021 |
4M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
1,371.4 |
147.7 |
9.3х |
4,641.6 |
7,078.1 |
(34.4%) |
|
- international |
320.1 |
6.4 |
50.0х |
996.9 |
3,444.0 |
(71.1%) |
|
- domestic |
1,051.2 |
141.3 |
7.4х |
3,644.6 |
3,634.1 |
0.3% |
|
Revenue Passenger Kilometres, mn |
3,237.1 |
380.2 |
8.5х |
10,862.9 |
19,503.5 |
(44.3%) |
|
- international |
1,146.3 |
34.1 |
33.7х |
3,617.0 |
12,704.8 |
(71.5%) |
|
- domestic |
2,090.8 |
346.1 |
6.0х |
7,245.9 |
6,798.7 |
6.6% |
|
Available Seat Kilometres, mn |
4,437.2 |
1,157.5 |
3.8х |
14,774.2 |
29,842.0 |
(50.5%) |
|
- international |
1,610.2 |
93.7 |
17.2х |
5,335.1 |
18,851.7 |
(71.7%) |
|
- domestic |
2,827.0 |
1,063.8 |
2.7х |
9,439.1 |
10,990.3 |
(14.1%) |
|
Passenger load factor, % |
73.0% |
32.8% |
40.1 p.p. |
73.5% |
65.4% |
8.2 p.p. |
|
- international |
71.2% |
36.3% |
34.9 p.p. |
67.8% |
67.4% |
0.4 p.p. |
|
- domestic |
74.0% |
32.5% |
41.4 p.p. |
76.8% |
61.9% |
14.9 p.p. |
|
Revenue flights |
10,934 |
2,894 |
3.8х |
38,331 |
69,746 |
(45.0%) |
|
- international |
2,045 |
249 |
8.2х |
7,358 |
29,889 |
(75.4%) |
|
- domestic |
8,889 |
2,645 |
3.4х |
30,973 |
39,857 |
(22.3%) |
|
Flight hours |
28,901 |
8,326 |
3.5х |
102,057 |
197,061 |
(48.2%) |
Pobeda Airlines
|
April 2021 |
April 2020 |
Change |
4M 2021 |
4M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
1,011.9 |
- |
- |
3,766.9 |
2,493.6 |
51.1% |
|
- international |
39.4 |
- |
- |
200.0 |
447.4 |
(55.3%) |
|
- domestic |
972.4 |
- |
- |
3,566.9 |
2,046.2 |
74.3% |
|
Revenue Passenger Kilometres, mn |
1,661.2 |
- |
- |
6,243.1 |
4,485.1 |
39.2% |
|
- international |
97.5 |
- |
- |
492.7 |
998.2 |
(50.6%) |
|
- domestic |
1,563.7 |
- |
- |
5,750.4 |
3,486.9 |
64.9% |
|
Available Seat Kilometres, mn |
1,791.4 |
- |
- |
6,761.0 |
4,927.5 |
37.2% |
|
- international |
124.8 |
- |
- |
591.9 |
1,141.0 |
(48.1%) |
|
- domestic |
1,666.6 |
- |
- |
6,169.1 |
3,786.6 |
62.9% |
|
Passenger load factor, % |
92.7% |
- |
- |
92.3% |
91.0% |
1.3 p.p. |
|
- international |
78.2% |
- |
- |
83.2% |
87.5% |
(4.3 p.p.) |
|
- domestic |
93.8% |
- |
- |
93.2% |
92.1% |
1.1 p.p. |
|
Revenue flights |
5,755 |
- |
- |
21,599 |
14,535 |
48.6% |
|
- international |
268 |
- |
- |
1,276 |
2,720 |
(53.1%) |
|
- domestic |
5,487 |
- |
- |
20,323 |
11,815 |
72.0% |
|
Flight hours |
12,820 |
- |
- |
48,601 |
35,153 |
38.3% |
Rossiya Airlines
|
April 2021 |
April 2020 |
Change |
4M 2021 |
4M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
636.3 |
62.0 |
10.3х |
1,981.6 |
1,553.5 |
27.6% |
|
- international |
57.7 |
2.6 |
22.3х |
125.2 |
562.7 |
(77.7%) |
|
- domestic |
578.7 |
59.4 |
9.7х |
1,856.4 |
990.8 |
87.4% |
|
Revenue Passenger Kilometres, mn |
1,380.4 |
151.1 |
9.1х |
4,415.8 |
5,193.9 |
(15.0%) |
|
- international |
183.9 |
19.0 |
9.7х |
390.0 |
2,827.0 |
(86.2%) |
|
- domestic |
1,196.5 |
132.1 |
9.1х |
4,025.8 |
2,367.0 |
70.1% |
|
Available Seat Kilometres, mn |
1,825.5 |
340.7 |
5.4х |
5,553.9 |
6,812.6 |
(18.5%) |
|
- international |
222.7 |
19.0 |
11.7х |
459.0 |
3,307.4 |
(86.1%) |
|
- domestic |
1,602.8 |
321.6 |
5.0х |
5,094.8 |
3,505.3 |
45.3% |
|
Passenger load factor, % |
75.6% |
44.4% |
31.3 p.p. |
79.5% |
76.2% |
3.3 p.p. |
|
- international |
82.6% |
100.0% |
(17.4 p.p.) |
85.0% |
85.5% |
(0.5 p.p.) |
|
- domestic |
74.6% |
41.1% |
33.6 p.p. |
79.0% |
67.5% |
11.5 p.p. |
|
Revenue flights |
6,218 |
885 |
7.0х |
18,110 |
12,648 |
43.2% |
|
- international |
481 |
19 |
25.3х |
1,064 |
3,307 |
(67.8%) |
|
- domestic |
5,737 |
866 |
6.6х |
17,046 |
9,341 |
82.5% |
|
Flight hours |
14,779 |
2,492 |
5.9х |
43,868 |
37,565 |
16.8% |
Appendix 1.
Aeroflot Group Operating Results (including the results of Aurora Airlines in 2020)[4]
|
April 2021 |
April 2020 |
Change |
4M 2021 |
4M 2020 |
Change |
|
|
Passengers carried, thousand PAX |
3,019.5 |
229.0 |
13.2х |
10,390.1 |
11,424.9 |
(9.1%) |
|
- international |
417.2 |
9.9 |
42.0х |
1,322.1 |
4,524.4 |
(70.8%) |
|
- domestic |
2,602.3 |
219.0 |
11.9х |
9,068.0 |
6,900.5 |
31.4% |
|
Revenue Passenger Kilometres, mn |
6,278/7 |
558.7 |
11.2х |
21,521.8 |
29,596.5 |
(27.3%) |
|
- international |
1,427.7 |
56.2 |
25.4х |
4,499.7 |
16,637.1 |
(73.0%) |
|
- domestic |
4,851.0 |
502.5 |
9.7х |
17,022.1 |
12,959.4 |
31.4% |
|
Available Seat Kilometres, mn |
8,054.1 |
1,579.9 |
5.1х |
27,089.1 |
42,371.4 |
(36.1%) |
|
- international |
1,957.7 |
119.9 |
16.3х |
6,386.0 |
23,504.1 |
(72.8%) |
|
- domestic |
6,096.4 |
1,459.9 |
4.2х |
20,703.0 |
18,867.3 |
9.7% |
|
Passenger load factor, % |
78.0% |
35.4% |
42.6 p.p. |
79.4% |
69.9% |
9.6 p.p. |
|
- international |
72.9% |
46.8% |
26.1 p.p. |
70.5% |
70.8% |
(0.3 p.p.) |
|
- domestic |
79.6% |
34.4% |
45.1 p.p. |
82.2% |
68.7% |
13.5 p.p. |
|
Cargo and mail carried, tonnes |
21,818.1 |
8,749.2 |
2.5х |
84,023.3 |
81,254.9 |
3.4% |
|
- international |
7,756.3 |
2,653.1 |
2.9х |
32,736.6 |
41,870.9 |
(21.8%) |
|
- domestic |
14,061.7 |
6,096.0 |
2.3х |
51,286.7 |
39,384.1 |
30.2% |
|
Revenue Cargo Tonne Kilometres, mn |
97.2 |
47.7 |
2.0х |
372.6 |
354.5 |
5.1% |
|
- international |
45.7 |
19.1 |
2.4х |
189.8 |
209.8 |
(9.5%) |
|
- domestic |
51.5 |
28.6 |
1.8х |
182.8 |
144.7 |
26.3% |
|
Revenue Tonne Kilometres, mn |
662.3 |
98.0 |
6.8х |
2,309.5 |
3,018.2 |
(23.5%) |
|
- international |
174.2 |
24.2 |
7.2х |
594.8 |
1,707.1 |
(65.2%) |
|
- domestic |
488.1 |
73.8 |
6.6х |
1,714.8 |
1,311.1 |
30.8% |
|
Available Tonne Kilometres, mn |
1,049.3 |
267.0 |
3.9х |
3,617.0 |
5,180.8 |
(30.2%) |
|
- international |
334.3 |
81.3 |
4.1х |
1,196.0 |
2,973.9 |
(59.8%) |
|
- domestic |
715.0 |
185.7 |
3.9х |
2,421.0 |
2,206.9 |
9.7% |
|
Revenue load factor, % |
63.1% |
36.7% |
26.4 p.p. |
63.9% |
58.3% |
5.6 p.p. |
|
- international |
52.1% |
29.7% |
22.4 p.p. |
49.7% |
57.4% |
(7.7 p.p.) |
|
- domestic |
68.3% |
39.8% |
28.5 p.p. |
70.8% |
59.4% |
11.4 p.p. |
|
Revenue flights |
22,907 |
4,519 |
5.1х |
78,040 |
102,973 |
(24.2%) |
|
- international |
2,794 |
287 |
9.7х |
9,698 |
37,049 |
(73.8%) |
|
- domestic |
20,113 |
4,232 |
4.8х |
68,342 |
65,924 |
3.7% |
|
Flight hours |
56,500 |
12,070 |
4.7х |
194,525 |
280,600 |
(30.7%) |
