Aeroflot Group releases its latest results for December and the full year 2020

The leading Russian airline group, Aeroflot PJSC has released details of its performance during the last month of last year and the year as a whole this week. The 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%.

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.

	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

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%

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%

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.

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%)
Available Seat Kilometres, mn	6,205.9	14,778.2	(58.0%)	92,402.0	190,855.5	(51.6%)
- international	1,301.1	8,828.7	(85.3%)	30,039.0	113,766.1	(73.6%)
- 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%)
- domestic	53.3	50.5	5.5%	544.0	509.8	6.7%
Revenue Tonne Kilometres, mn	537.9	1,141.3	(52.9%)	7,183.1	15,376.8	(53.3%)
- international	145.2	667.8	(78.3%)	2,421.4	9,030.4	(73.2%)
- domestic	392.7	473.5	(17.1%)	4,761.7	6,346.4	(25.0%)
Available Tonne Kilometres, mn	886.6	1,767.3	(49.8%)	11,875.7	22,721.5	(47.7%)
- 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.)
- domestic	68.6%	68.8%	(0.2 p.p.)	65.2%	69.9%	(4.6 p.p.)
Revenue flights	19,194	35,593	(46.1%)	251,432	446,009	(43.6%)
- international	2,281	14,539	(84.3%)	48,047	186,983	(74.3%)
- domestic	16,913	21,054	(19.7%)	203,385	259,026	(21.5%)
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
Passengers carried, thousand PAX		1,024.3	2,800.5	(63.4%)	14,563.1	37,220.7	(60.9%)
- international		188.7	1,436.3	(86.9%)	4,369.3	19,423.4	(77.5%)
- domestic		835.6	1,364.2	(38.7%)	10,193.9	17,797.3	(42.7%)
Revenue Passenger Kilometres, mn		2,286.5	7,716.9	(70.4%)	35,429.6	101,640.1	(65.1%)
- international		691.1	5,167.5	(86.6%)	15,773.9	68,923.8	(77.1%)
- domestic		1,595.4	2,549.5	(37.4%)	19,655.7	32,716.3	(39.9%)
Available Seat Kilometres, mn		3,315.7	10,495.3	(68.4%)	52,943.5	128,295.0	(58.7%)
- international		1,093.6	7,124.9	(84.7%)	23,659.6	88,244.8	(73.2%)
- domestic		2,222.1	3,370.4	(34.1%)	29,283.9	40,050.2	(26.9%)
Passenger load factor, %		69.0%	73.5%	(4.5 p.p.)	66.9%	79.2%	(12.3 p.p.)
- international		63.2%	72.5%	(9.3 p.p.)	66.7%	78.1%	(11.4 p.p.)
- domestic		71.8%	75.6%	(3.8 p.p.)	67.1%	81.7%	(14.6 p.p.)
Cargo and mail carried, tonnes		18,584.9	20,708.2	(10.3%)	158,946.4	217,812.5	(27.0%)
- international		10,791.0	13,125.9	(17.8%)	83,891.6	147,354.8	(43.1%)
- domestic		7,793.9	7,582.3	2.8%	75,054.8	70,457.7	6.5%
Revenue Cargo Tonne Kilometres, mn		93.5	94.7	(1.3%)	786.8	996.4	(21.0%)
- international		65.3	66.2	(1.3%)	481.2	727.9	(33.9%)
- domestic		28.2	28.5	(1.1%)	305.6	268.5	13.8%
Revenue Tonne Kilometres, mn		299.3	789.2	(62.1%)	3,975.5	10,144.0	(60.8%)
- international		127.5	531.3	(76.0%)	1,900.9	6,931.0	(72.6%)
- domestic		171.8	258.0	(33.4%)	2,074.6	3,213.0	(35.4%)
Available Tonne Kilometres, mn		546.2	1,273.7	(57.1%)	7,227.8	15,471.6	(53.3%)
- international		284.5	884.4	(67.8%)	3,778.6	10,820.7	(65.1%)
- domestic		261.7	389.3	(32.8%)	3,449.1	4,650.8	(25.8%)
Revenue load factor, %		54.8%	62.0%	(7.2 p.p.)	55.0%	65.6%	(10.6 p.p.)
- international		44.8%	60.1%	(15.3 p.p.)	50.3%	64.1%	(13.8 p.p.)
- domestic		65.6%	66.3%	(0.7 p.p.)	60.1%	69.1%	(9.0 p.p.)
Revenue flights		9,969	24,251	(58.9%)	142,796	291,743	(51.1%)
- international		1,815	11,641	(84.4%)	38,272	142,344	(73.1%)
- domestic		8,154	12,610	(35.3%)	104,524	149,399	(30.0%)
Flight hours		26,164	69,624	(62.4%)	375,208	833,574	(55.0%)

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