Thursday, 27 August 2020

Russia's Aeroflot Group reports operating result for July 2020 - showing a 54.5% drop in passenger numbers

The Russian airline group Aeroflot has just released its latest operating results for July and the year to date, which showed in June the group carried just 2.9 million passengers during the month - down 54.5%.
In July the group's domestic traffic continued to recover and the restoration of flights is accompanied by a progressive increase in the passenger load factor. According to the results of July, Pobeda airline reached the traffic levels of comparable period of last year.


7M 2020 Operating Highlights
In 7M 2020, Aeroflot Group carried 15.8 million passengers, 54.2% down year-on-year. Aeroflot airline carried 8.8 million passengers, a year-on-year decrease of 58.8%.
Group and Company RPKs decreased by 56.7% and 60.6% year-on-year, respectively. ASKs decrease by 49.6% year-on-year for the Group and by 51.9% year-on-year for the Company.  
The passenger load factor decreased by 11.5 p.p. year-on-year to 69.7% for Aeroflot Group and decreased by 14.2 p.p. to 64.6% for Aeroflot airline. 
July 2020 Operating Highlights
In July 2020, Aeroflot Group carried 2.9 million passengers, a year-on-year decrease of 54.5%. Aeroflot airline carried 1.0 million passengers, a year-on-year decrease of 72.2%. 
Group and Company RPKs were down 63.5% and 79.4% year-on-year, respectively. ASKs decrease by 58.3% for Aeroflot Group and by 74.4% for Aeroflot airline. 
Aeroflot Group’s passenger load factor was 78.7%, representing a 11.3 percentage point decrease versus the same period a year earlier. The passenger load factor at Aeroflot – Russian Airlines decreased by 17.2 percentage points year-on-year to 70.4%. 
Impact of coronavirus pandemic
In 7M and July 2020, operating results 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 affected the decline in traffic indicators.

In July 2020 Aeroflot Group's domestic traffic volumes continued to recover, the restoration of flights is accompanied by a progressive increase in the passenger load factor. According to the results of July, Pobeda airline reached the traffic levels of comparable period of last year.
In August Aeroflot began to gradually restore international regular flights. Flights to the UK and Turkey were opened.
Fleet update
In July 2020 Aeroflot airline phased out one Airbus А330-300 aircraft. As of 31 July 2020, Group and Company fleet had 359 and 245 aircraft, respectively.

Net changes in the fleet
Number of aircraft

July 2020
7M 2019
as of 31.07.2020
Aeroflot Group
-1
359
Aeroflot airline
-1
245

Aeroflot Group Operating Results
July 2020
July 2019
Change
7M 2020
7M 2019
Change
Passengers carried, thousand PAX
2,919.9
6,423.3
(54.5%)
15,847.0
34,618.4
(54.2%)
- international
27.7
2,838.9
(99.0%)
4,594.3
15,521.4
(70.4%)
- domestic
2,892.2
3,584.4
(19.3%)
11,252.7
19,097.0
(41.1%)
Revenue Passenger Kilometres, mn
5,970.5
16,378.5
(63.5%)
38,686.4
89,303.0
(56.7%)
- international
109.8
9,168.6
(98.8%)
16,954.2
52,699.6
(67.8%)
- domestic
5,860.6
7,209.9
(18.7%)
21,732.2
36,603.4
(40.6%)
Available Seat Kilometres, mn
7,586.0
18,197.2
(58.3%)
55,524.6
110,080.4
(49.6%)
- international
233.6
10,467.4
(97.8%)
24,171.4
66,038.2
(63.4%)
- domestic
7,352.4
7,729.8
(4.9%)
31,353.2
44,042.3
(28.8%)
Passenger load factor, %
78.7%
90.0%
(11.3 p.p.)
69.7%
81.1%
(11.5 p.p.)
- international
47.0%
87.6%
(40.6 p.p.)
70.1%
79.8%
(9.7 p.p.)
- domestic
79.7%
93.3%
(13.6 p.p.)
69.3%
83.1%
(13.8 p.p.)
Cargo and mail carried, tonnes
17,761.3
28,392.1
(37.4%)
123,760.3
170,545.5
(27.4%)
- international
3,354.6
15,180.0
(77.9%)
53,210.6
96,280.3
(44.7%)
- domestic
14,406.7
13,212.1
9.0%
70,549.7
74,265.2
(5.0%)
Revenue Cargo Tonne Kilometres, mn
71.4
116.4
(38.7%)
560.4
707.0
(20.7%)
- international
19.1
70.7
(72.9%)
291.8
444.1
(34.3%)
- domestic
52.2
45.7
14.3%
268.6
262.9
2.2%
Revenue Tonne Kilometres, mn
608.7
1,590.4
(61.7%)
4,042.2
8,744.3
(53.8%)
- international
29.0
895.9
(96.8%)
1,817.7
5,187.1
(65.0%)
- domestic
579.7
694.6
(16.5%)
2,224.5
3,557.2
(37.5%)
Available Tonne Kilometres, mn
949.9
2,166.1
(56.1%)
7,025.6
13,090.0
(46.3%)
- international
86.6
1,245.5
(93.1%)
3,344.9
7,903.2
(57.7%)
- domestic
863.4
920.6
(6.2%)
3,680.6
5,186.8
(29.0%)
Revenue load factor, %
64.1%
73.4%
(9.3)
57.5%
66.8%
(9.3)
- international
33.5%
71.9%
(38.4)
54.3%
65.6%
(11.3)
- domestic
67.1%
75.4%
(8.3)
60.4%
68.6%
(8.1)
Revenue flights
21,202
41,236
(48.6%)
142,136
256,519
(44.6%)
- international
402
17,076
(97.6%)
38,509
108,128
(64.4%)
- domestic
20,800
24,160
(13.9%)
103,627
148,391
(30.2%)
Flight hours 
50,235
112,329
(55.3%)
375,450
706,252
(46.8%)


Aeroflot - Russian Airlines Operating Results
July 2020
July 2019
Change
7M 2020
7M 2019
Change
Passengers carried, thousand PAX
1,034.7
3,690.6
(72.0%)
8,842.1
21,486.1
(58.8%)
- international
26.2
1,929.7
(98.6%)
3,505.2
11,248.1
(68.8%)
- domestic
1,008.6
1,760.8
(42.7%)
5,336.9
10,237.9
(47.9%)
Revenue Passenger Kilometres, mn
2,055.3
9,974.9
(79.4%)
23,189.0
58,794.5
(60.6%)
- international
101.6
6,726.3
(98.5%)
12,961.9
40,121.9
(67.7%)
- domestic
1,953.7
3,248.6
(39.9%)
10,227.2
18,672.6
(45.2%)
Available Seat Kilometres, mn
2,919.8
11,391.8
(74.4%)
35,902.2
74,579.6
(51.9%)
- international
223.8
7,854.1
(97.2%)
19,385.4
51,578.9
(62.4%)
- domestic
2,696.0
3,537.7
(23.8%)
16,516.8
23,000.6
(28.2%)
Passenger load factor, %
70.4%
87.6%
(17.2 p.p.)
64.6%
78.8%
(14.2 p.p.)
- international
45.4%
85.6%
(40.3 p.p.)
66.9%
77.8%
(10.9 p.p.)
- domestic
72.5%
91.8%
(19.4 p.p.)
61.9%
81.2%
(19.3 p.p.)
Cargo and mail carried, tonnes
9,682.8
18,613.3
(48.0%)
86,068.7
118,671.9
(27.5%)
- international
3,307.5
12,865.3
(74.3%)
46,882.9
82,081.4
(42.9%)
- domestic
6,375.3
5,747.9
10.9%
39,185.8
36,590.5
7.1%
Revenue Cargo Tonne Kilometres, mn
44.7
86.3
(48.2%)
433.5
541.8
(20.0%)
- international
18.8
64.5
(70.9%)
266.9
401.9
(33.6%)
- domestic
26.0
21.9
18.8%
166.6
139.8
19.1%
Revenue Tonne Kilometres, mn
229.7
984.1
(76.7%)
2,520.5
5,833.3
(56.8%)
- international
27.9
669.8
(95.8%)
1,433.4
4,012.9
(64.3%)
- domestic
201.8
314.2
(35.8%)
1,087.0
1,820.4
(40.3%)
Available Tonne Kilometres, mn
404.2
1,375.1
(70.6%)
4,694.3
8,976.2
(47.7%)
- international
83.1
962.8
(91.4%)
2,752.8
6,303.0
(56.3%)
- domestic
321.0
412.3
(22.1%)
1,941.5
2,673.2
(27.4%)
Revenue load factor, %
56.8%
71.6%
(14.7 p.p.)
53.7%
65.0%
(11.3 p.p.)
- international
33.6%
69.6%
(36.0 p.p.)
52.1%
63.7%
(11.6 p.p.)
- domestic
62.9%
76.2%
(13.4 p.p.)
56.0%
68.1%
(12.1 p.p.)
Revenue flights
9,396
25,692
(63.4%)
89,471
168,255
(46.8%)
- international
380
12,525
(97.0%)
31,234
82,629
(62.2%)
- domestic
9,016
13,167
(31.5%)
58,237
85,626
(32.0%)
Flight hours 
21,524
72,499
(70.3%)
245,220
482,663
(49.2%)












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