Aeroflot PJSC announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for December, Q4 and 12M 2020[1].
12M 2020 Key highlights:
· Aeroflot Group carried 30.2 million passengers, 50.3% down year-on-year;
· 24.2 million passengers carried in domestic segment, 28.1% down year-on-year;
· Pobeda Airlines carried 9.1 million passengers, a year-on-year decrease of 11.7%.
Q4 2020 Key highlights:
· Aeroflot Group carried 7.1 million passengers, 49.2% down year-on-year;
· 6.3 million passengers carried in domestic segment, 19.5% lower year-on-year;
· Pobeda Airlines carried 2.8 million passengers, a year-on-year increase of 2.5%.
12M 2020 Operating Highlights
Aeroflot Group airlines: All flights
| Aeroflot | Pobeda | Rossiya | Aurora[2] | Total[3] | |
| Passengers carried, thousand PAX | 14,563.1 | 9,086.7 | 5,710.8 | 795.9 | 30,156.5 |
| Change, % | (60.9%) | (11.7%) | (50.6%) | (52.0%) | (50.3%) |
| Available Seat Kilometres, mn | 52,943.5 | 16,909.0 | 20,469.5 | 2,079.9 | 92,402.0 |
| Change, % | (58.7%) | (14.2%) | (48.2%) | (37.9%) | (51.6%) |
| Revenue flights | 142,796 | 52,509 | 39,787 | 16,340 | 251,432 |
| Change, % | (51.1%) | (9.4%) | (44.1%) | (35.0%) | (43.6%) |
| Passenger load factor, % | 66.9% | 91.6% | 78,2% | 52.3% | 73.6% |
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Aeroflot Group airlines: Domestic flights
| Aeroflot | Pobeda | Rossiya | Aurora2 | Total3 | |
| Passengers carried, thousand PAX | 10,193.9 | 8,421.4 | 4,834.7 | 722.2 | 24,172.1 |
| Change, % | (42.7%) | 5.7% | (27.1%) | (40.1%) | (28.1%) |
| Available Seat Kilometres, mn | 29,283.9 | 15,141.0 | 16,079.1 | 1,859.0 | 62,363.0 |
| Change, % | (26.9%) | 8.0% | (22.0%) | (22.4%) | (19.1%) |
| Revenue flights | 104,524 | 48,438 | 35,303 | 15,120 | 203,385 |
| Change, % | (30.0%) | 8.9% | (23.7%) | (19.8%) | (21.5%) |
| Passenger load factor, % | 67.1% | 92.1% | 76.4% | 52.5% | 75.1% |
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In 12M 2020, Aeroflot Group carried 30.2 million passengers, 50.3% down year-on-year. Group’s RPK decreased by 56.5% year-on-year, ASK decreased by 51.6% year-on-year. Aeroflot Group passenger load factor amounted to 73.6%.
In 12M 2020 on domestic routes, airlines of the Group carried a total of 24.2 million passengers, a year-on-year decrease of 28.1%. Pobeda Airlines transported 8.4 million passengers, a 5.7% improvement year-on-year. Rossiya Airlines carried 4.8 million passengers, a year-on-year decrease of 27.1%.
Aeroflot Airlines transported 10.2 million passengers, a year-on-year decline of 42.7%, which is primarily explained by lower transfer traffic between domestic and international points of service. Aurora Airlines carried 722.2 thousand passengers, a year-on-year decline of 40.1%.
December 2020 Operating Highlights
In December 2020, Aeroflot Group carried 2.3 million passengers, a year-on-year decrease of 48.1%. Aeroflot Airlines carried 1.0 million passengers, a year-on-year decrease of 63.4%.
Group and Company RPKs were down 59.1% and 70.4% year-on-year, respectively. ASKs decreased
by 58.0% for Aeroflot Group and by 68.4% for Aeroflot Airlines.
Aeroflot Group’s passenger load factor was 74.4%, a 2.0 percentage point decrease versus
the same period a year earlier. The passenger load factor at Aeroflot Airlines decreased
by 4.5 percentage points year-on-year to 69.0%.
Impact of coronavirus pandemic
The operating results of 12M of 2020 were affected by the dynamics of demand and significant flight restrictions imposed amid the spread of the novel coronavirus infection. Suspension of scheduled international flights and quarantine restrictions in Russia influenced the decline in traffic indicators. In Q3 and Q4, domestic traffic showed a significant recovery, and in the international segment flights were resumed to Turkey, the United Arab Emirates, Maldives, Egypt, Belarus, Kazakhstan, Kyrgyzstan and a number of other countries, however, in general, international traffic remained significantly limited. In Q4 the impact of the pandemic on airlines complemented the seasonal decline in demand.
| Passengers carried | Q1 | Q2 | Q3 | Q4 | 12M2020 |
| Total, thousand PAX | 11,195.9 | 1,731.2 | 10,129.1 | 7,100.3 | 30,156.5 |
| Change, % | (12.3%) | (88.8%) | (45.3%) | (49.2%) | (50.3%) |
| Domestic | 6,681.5 | 1,679.1 | 9,510.2 | 6,301.4 | 24,172.1 |
| Change, % | (5.0%) | (80.2%) | (7.3%) | (19.5%) | (28.1%) |
| International | 4,514.5 | 52.1 | 618.9 | 798.9 | 5,984.4 |
| Change, % | (21.2%) | (99.3%) | (92.5%) | (87.0%) | (77.9%) |
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Fleet update
In December 2020, Aeroflot Group added seven SSJ100 aircraft. In the same period Aeroflot Airlines phased out three SSJ100 aircraft. As of 31 December 2020, Group’s fleet amounted to 364 aircraft.
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| Net changes in the fleet | Number of aircraft | |
|
| December 2020 | 12M 2020 | as of 31.12.2020 |
| Aeroflot Group | +7 | +5 | 364 |
| Aeroflot Airlines | -3 | -4 | 241 |
Aeroflot Group Operating Results
|
December 2020 |
December 2019 |
Change |
12M 2020 |
12M 2019 |
Change |
|
|
Passengers carried, thousand PAX |
2,270.8 |
4,372.9 |
(48.1%) |
30,156.5 |
60,718.7 |
(50.3%) |
|
– international |
249.6 |
1,868.9 |
(86.6%) |
5,984.4 |
27,118.1 |
(77.9%) |
|
– domestic |
2,021.2 |
2,504.0 |
(19.3%) |
24,172.1 |
33,600.6 |
(28.1%) |
|
Revenue Passenger Kilometres, mn |
4,618.3 |
11,294.5 |
(59.1%) |
68,013.5 |
156,252.5 |
(56.5%) |
|
– international |
847.5 |
6,594.5 |
(87.1%) |
21,150.4 |
91,400.9 |
(76.9%) |
|
– domestic |
3,770.9 |
4,700.0 |
(19.8%) |
46,863.1 |
64,851.7 |
(27.7%) |
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Available Seat Kilometres, mn |
6,205.9 |
14,778.2 |
(58.0%) |
92,402.0 |
190,855.5 |
(51.6%) |
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– international |
1,301.1 |
8,828.7 |
(85.3%) |
30,039.0 |
113,766.1 |
(73.6%) |
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– domestic |
4,904.8 |
5,949.4 |
(17.6%) |
62,363.0 |
77,089.4 |
(19.1%) |
|
Passenger load factor, % |
74.4% |
76.4% |
(2.0 p.p.) |
73.6% |
81.9% |
(8.3 p.p.) |
|
– international |
65.1% |
74.7% |
(9.6 p.p.) |
70.4% |
80.3% |
(9.9 p.p.) |
|
– domestic |
76.9% |
79.0% |
(2.1 p.p.) |
75.1% |
84.1% |
(9.0 p.p.) |
|
Cargo and mail carried, tonnes |
27,274.2 |
29,867.0 |
(8.7%) |
241,564.3 |
316,990.9 |
(23.8%) |
|
– international |
11,618.1 |
15,444.7 |
(24.8%) |
93,311.2 |
172,799.1 |
(46.0%) |
|
– domestic |
15,656.1 |
14,422.3 |
8.6% |
148,253.1 |
144,191.8 |
2.8% |
|
Revenue Cargo Tonne Kilometres, mn |
122.3 |
124.8 |
(2.0%) |
1,061.8 |
1,314.1 |
(19.2%) |
|
– international |
68.9 |
74.3 |
(7.2%) |
517.8 |
804.3 |
(35.6%) |
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– domestic |
53.3 |
50.5 |
5.5% |
544.0 |
509.8 |
6.7% |
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Revenue Tonne Kilometres, mn |
537.9 |
1,141.3 |
(52.9%) |
7,183.1 |
15,376.8 |
(53.3%) |
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– international |
145.2 |
667.8 |
(78.3%) |
2,421.4 |
9,030.4 |
(73.2%) |
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– domestic |
392.7 |
473.5 |
(17.1%) |
4,761.7 |
6,346.4 |
(25.0%) |
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Available Tonne Kilometres, mn |
886.6 |
1,767.3 |
(49.8%) |
11,875.7 |
22,721.5 |
(47.7%) |
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– international |
314.1 |
1,078.9 |
(70.9%) |
4,574.3 |
13,636.2 |
(66.5%) |
|
– domestic |
572.4 |
688.4 |
(16.8%) |
7,301.4 |
9,085.3 |
(19.6%) |
|
Revenue load factor, % |
60.7% |
64.6% |
(3.9 p.p.) |
60.5% |
67.7% |
(7.2 p.p.) |
|
– international |
46.2% |
61.9% |
(15.7 p.p.) |
52.9% |
66.2% |
(13.3 p.p.) |
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– domestic |
68.6% |
68.8% |
(0.2 p.p.) |
65.2% |
69.9% |
(4.6 p.p.) |
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Revenue flights |
19,194 |
35,593 |
(46.1%) |
251,432 |
446,009 |
(43.6%) |
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– international |
2,281 |
14,539 |
(84.3%) |
48,047 |
186,983 |
(74.3%) |
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– domestic |
16,913 |
21,054 |
(19.7%) |
203,385 |
259,026 |
(21.5%) |
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Flight hours |
47,638 |
98,146 |
(51.5%) |
637,129 |
1,225,785 |
(48.0%) |
Aeroflot – Russian Airlines Operating Results
|
December 2020 |
December 2019 |
Change |
12M 2020 |
12M 2019 |
Change |
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Passengers carried, thousand PAX |
1,024.3 |
2,800.5 |
(63.4%) |
14,563.1 |
37,220.7 |
(60.9%) |
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– international |
188.7 |
1,436.3 |
(86.9%) |
4,369.3 |
19,423.4 |
(77.5%) |
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– domestic |
835.6 |
1,364.2 |
(38.7%) |
10,193.9 |
17,797.3 |
(42.7%) |
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Revenue Passenger Kilometres, mn |
2,286.5 |
7,716.9 |
(70.4%) |
35,429.6 |
101,640.1 |
(65.1%) |
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– international |
691.1 |
5,167.5 |
(86.6%) |
15,773.9 |
68,923.8 |
(77.1%) |
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– domestic |
1,595.4 |
2,549.5 |
(37.4%) |
19,655.7 |
32,716.3 |
(39.9%) |
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Available Seat Kilometres, mn |
3,315.7 |
10,495.3 |
(68.4%) |
52,943.5 |
128,295.0 |
(58.7%) |
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– international |
1,093.6 |
7,124.9 |
(84.7%) |
23,659.6 |
88,244.8 |
(73.2%) |
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– domestic |
2,222.1 |
3,370.4 |
(34.1%) |
29,283.9 |
40,050.2 |
(26.9%) |
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Passenger load factor, % |
69.0% |
73.5% |
(4.5 p.p.) |
66.9% |
79.2% |
(12.3 p.p.) |
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– international |
63.2% |
72.5% |
(9.3 p.p.) |
66.7% |
78.1% |
(11.4 p.p.) |
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– domestic |
71.8% |
75.6% |
(3.8 p.p.) |
67.1% |
81.7% |
(14.6 p.p.) |
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Cargo and mail carried, tonnes |
18,584.9 |
20,708.2 |
(10.3%) |
158,946.4 |
217,812.5 |
(27.0%) |
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– international |
10,791.0 |
13,125.9 |
(17.8%) |
83,891.6 |
147,354.8 |
(43.1%) |
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– domestic |
7,793.9 |
7,582.3 |
2.8% |
75,054.8 |
70,457.7 |
6.5% |
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Revenue Cargo Tonne Kilometres, mn |
93.5 |
94.7 |
(1.3%) |
786.8 |
996.4 |
(21.0%) |
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– international |
65.3 |
66.2 |
(1.3%) |
481.2 |
727.9 |
(33.9%) |
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– domestic |
28.2 |
28.5 |
(1.1%) |
305.6 |
268.5 |
13.8% |
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Revenue Tonne Kilometres, mn |
299.3 |
789.2 |
(62.1%) |
3,975.5 |
10,144.0 |
(60.8%) |
|
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– international |
127.5 |
531.3 |
(76.0%) |
1,900.9 |
6,931.0 |
(72.6%) |
|
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– domestic |
171.8 |
258.0 |
(33.4%) |
2,074.6 |
3,213.0 |
(35.4%) |
|
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Available Tonne Kilometres, mn |
546.2 |
1,273.7 |
(57.1%) |
7,227.8 |
15,471.6 |
(53.3%) |
|
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– international |
284.5 |
884.4 |
(67.8%) |
3,778.6 |
10,820.7 |
(65.1%) |
|
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– domestic |
261.7 |
389.3 |
(32.8%) |
3,449.1 |
4,650.8 |
(25.8%) |
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Revenue load factor, % |
54.8% |
62.0% |
(7.2 p.p.) |
55.0% |
65.6% |
(10.6 p.p.) |
|
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– international |
44.8% |
60.1% |
(15.3 p.p.) |
50.3% |
64.1% |
(13.8 p.p.) |
|
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– domestic |
65.6% |
66.3% |
(0.7 p.p.) |
60.1% |
69.1% |
(9.0 p.p.) |
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Revenue flights |
9,969 |
24,251 |
(58.9%) |
142,796 |
291,743 |
(51.1%) |
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– international |
1,815 |
11,641 |
(84.4%) |
38,272 |
142,344 |
(73.1%) |
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– domestic |
8,154 |
12,610 |
(35.3%) |
104,524 |
149,399 |
(30.0%) |
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Flight hours |
26,164 |
69,624 |
(62.4%) |
375,208 |
833,574 |
(55.0%) |
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[1] Based on managerial accounts.
[2] PJSC “Aeroflot” sold its share in the capital of JSC “Aurora Airlines” on December 25, 2020. The December operating results of Aurora Airlines (and, accordingly, the Aeroflot Group), presented in the release, include the airline’s results for the full calendar month without adjustments.
[3] Minor deviations in the calculation of the totals in the tables are explained by rounding.
Moscow, 26 January 2021
