Aeroflot Russian Airlines PJSC

07/26/2022 | Press release | Distributed by Public on 07/26/2022 02:54

Aeroflot Group Announces Operating Results for Q2 and 6 months 2022

Aeroflot Group Announces Operating Results for Q2 and 6 months 2022

26 July 2022

Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces
Aeroflot Group operating results for Q2 and 6 months 2022 [1]

Key highlightsofQ2 2022:

  • Group's operating results in Q2 2022 were affected by the current geopolitical situation
    and significant flight restrictions.
  • Aeroflot Group actively recovered transportation volumes after a decrease in March 2022, the average monthly growth rate in Q2 was 19.5%: international flights were partially restored, dynamics
    of domestic flights improved.
  • In domestic segment Group's RPK increased by 0.4% year-on-year, Aeroflot's RPK increased
    by 23.7% vs. 2021.
  • In international segment in June the Group recovered RPK to 50.8% of 2021 levels, which compares to 15.4% recovery level in April 2022.
  • Operational efficiency has improved: passenger load factor amounted to 83.7%, up by 5.6 percentage points year-on-year. Pobeda Airlines recorded the highest absolute load indicator: passenger load factor was 95.3%, up 1.5 percentage points vs. Q2 2021.

Key highlightsof6 months 2022:

  • Aeroflot Group carried 17.2 million passengers, including 14.7 million passengers in domestic segment.
  • Passenger load factor was 79.9%, up by 1.0 percentage point year-on-year, in domestic segment passenger load factor was 82.6%, a 1.5 percentage points increase vs. 2021.
  • Group's total RPK increased by 3.7% year-on-year, in domestic segment Group's RPK improved by 4.9% year-on-year.

Aeroflot AirlinesOperatingResults

Q2 2022

Q2 2021

Change

6M 2022

6M 2021

Change

Passengers carried, thousand PAX

4,182.1

5,094.6

(17.9%)

7,945.8

8,364.8

(5.0%)

- international

408.1

1,223.3

(66.6%)

1,684.2

1,900.1

(11.4%)

- domestic

3,774.0

3,871.3

(2.5%)

6,261.6

6,464.7

(3.1%)

Revenue Passenger Kilometres, mn

11,205.1

12,165.1

(7.9%)

21,341.2

19,790.9

7.8%

- international

1,441.2

4,270.5

(66.3%)

6,042.4

6,741.2

(10.4%)

- domestic

9,763.9

7,894.5

23.7%

15,298.8

13,049.7

17.2%

Available Seat Kilometres, mn

13,881.2

16,889.2

(17.8%)

28,577.4

27,226.2

5.0%

- international

1,664.2

6,053.5

(72.5%)

9,017.6

9,778.5

(7.8%)

- domestic

12,217.0

10,835.6

12.7%

19,559.8

17,447.7

12.1%

Passenger load factor, %

80.7%

72.0%

8.7 p.p.

74.7%

72.7%

2.0 p.p.

- international

86.6%

70.5%

16.1 p.p.

67.0%

68.9%

(1.9 p.p.)

- domestic

79.9%

72.9%

7.1 p.p.

78.2%

74.8%

3.4 p.p.

Revenue flights

28,010

39,883

(29.8%)

57,920

67,280

(13.9%)

- international

2,212

7,460

(70.3%)

12,078

12,773

(5.4%)

- domestic

25,798

32,423

(20.4%)

45,842

54,507

(15.9%)

Flight hours

81,879

105,653

(22.5%)

173,704

178,808

(2.9%)

Pobeda AirlinesOperatingResults

Q2 2022

Q2 2021

Change

6M 2022

6M 2021

Change

Passengers carried, thousand PAX

2,459.0

3,642.7

(32.5%)

5,568.3

6,397.7

(13.0%)

- international

2.9

62.2

(95.4%)

245.4

222.8

10.2%

- domestic

2,456.1

3,580.4

(31.4%)

5,322.9

6,174.9

(13.8%)

Revenue Passenger Kilometres, mn

4,815.7

5,906.3

(18.5%)

10,530.1

10,488.1

0.4%

- international

2.4

154.3

(98.4%)

672.9

549.5

22.5%

- domestic

4,813.2

5,752.0

(16.3%)

9,857.2

9,938.6

(0.8%)

Available Seat Kilometres, mn

5,054.5

6,298.2

(19.7%)

11,286.4

11,267.8

0.2%

- international

2.7

194.4

(98.6%)

778.6

661.5

17.7%

- domestic

5,051.8

6,103.9

(17.2%)

10,507.8

10,606.3

(0.9%)

Passenger load factor, %

95.3%

93.8%

1.5 p.p.

93.3%

93.1%

0.2 p.p.

- international

89.6%

79.4%

10.2 p.p.

86.4%

83.1%

3.4 p.p.

- domestic

95.3%

94.2%

1.0 p.p.

93.8%

93.7%

0.1 p.p.

Revenue flights

13,701

20,568

(33.4%)

31,655

36,412

(13.1%)

- international

17

416

(95.9%)

1,494

1,424

4.9%

- domestic

13,684

20,152

(32.1%)

30,161

34,988

(13.8%)

Flight hours

34,932

44,696

(21.8%)

79,566

80,477

(1.1%)

Rossiya Airlines OperatingResults

Q2 2022

Q2 2021

Change

6M 2022

6M 2021

Change

Passengers carried, thousand PAX

2,039.5

2,449.5

(16.7%)

3,670.5

3,794.8

(3.3%)

- international

241.7

262.6

(8.0%)

517.6

330.2

56.8%

- domestic

1,797.8

2,186.9

(17.8%)

3,152.9

3,464.6

(9.0%)

Revenue Passenger Kilometres, mn

4,462.9

5,676.2

(21.4%)

8,557.8

8,711.6

(1.8%)

- international

484.5

845.2

(42.7%)

1,572.4

1,051.3

49.6%

- domestic

3,978.4

4,831.0

(17.6%)

6,985.4

7,660.3

(8.8%)

Available Seat Kilometres, mn

5,536.6

7,229.1

(23.4%)

10,760.9

10,957.4

(1.8%)

- international

620.2

982.5

(36.9%)

1,894.0

1,218.8

55.4%

- domestic

4,916.4

6,246.6

(21.3%)

8,866.9

9,738.6

(9.0%)

Passenger load factor, %

80.6%

78.5%

2.1 p.p.

79.5%

79.5%

0.0 p.p.

- international

78.1%

86.0%

(7.9 p.p.)

83.0%

86.3%

(3.2 p.p.)

- domestic

80.9%

77.3%

3.6 p.p.

78.8%

78.7%

0.1 p.p.

Revenue flights

20,717

21,658

(4.3%)

36,810

33,550

9.7%

- international

3,495

1,631

2.1х

5,209

2,214

2.4х

- domestic

17,222

20,027

(14.0%)

31,601

31,336

0.8%

Flight hours

49,525

51,493

(3.8%)

90,049

80,582

11.7%

AeroflotGroupOperatingResults

Q2 2022

Q2 2021

Change

6M 2022

6M 2021

Change

Passengers carried, thousand PAX

8,680.6

11,186.7

(22.4%)

17,184.7

18,557.3

(7.4%)

- international

652.7

1,548.1

(57.8%)

2,447.3

2,453.0

(0.2%)

- domestic

8,027.9

9,638.6

(16.7%)

14,737.4

16,104.2

(8.5%)

Revenue Passenger Kilometres, mn

20,483.7

23,747.5

(13.7%)

40,429.1

38,990.6

3.7%

- international

1,928.1

5,270.1

(63.4%)

8,287.7

8,342.0

(0.7%)

- domestic

18,555.6

18,477.5

0.4%

32,141.4

30,648.6

4.9%

Available Seat Kilometres, mn

24,472.3

30,416.5

(19.5%)

50,624.7

49,451.5

2.4%

- international

2,287.1

7,230.4

(68.4%)

11,690.3

11,658.8

0.3%

- domestic

22,185.2

23,186.1

(4.3%)

38,934.4

37,792.7

3.0%

Passenger load factor, %

83.7%

78.1%

5.6 p.p.

79.9%

78.8%

1.0 p.p.

- international

84.3%

72.9%

11.4 p.p.

70.9%

71.6%

(0.7 p.p.)

- domestic

83.6%

79.7%

3.9 p.p.

82.6%

81.1%

1.5 p.p.

Cargo and mail carried, tonnes

35,634.3

64,445.8

(44.6%)

89,026.3

126,644.7

(29.7%)

- international

3,848.0

19,499.9

(80.2%)

22,958.8

44,478.7

(48.4%)

- domestic

31,786.3

44,945.9

(29.2%)

66,067.6

82,166.0

(19.6%)

Revenue Cargo Tonne Kilometres, mn

151.4

265.8

(43.0%)

378.3

541.1

(30.1%)

- international

16.8

104.5

(83.9%)

118.0

248.6

(52.5%)

- domestic

134.6

161.3

(16.5%)

260.3

292.5

(11.0%)

Revenue Tonne Kilometres, mn

1,995.0

2,403.0

(17.0%)

4,016.9

4,050.2

(0.8%)

- international

190.4

578.8

(67.1%)

863.9

999.4

(13.6%)

- domestic

1,804.6

1,824.2

(1.1%)

3,153.0

3,050.9

3.3%

Available Tonne Kilometres, mn

2,878.9

3,788.9

(24.0%)

6,056.7

6,356.8

(4.7%)

- international

266.9

1,046.7

(74.5%)

1,529.2

1,905.0

(19.7%)

- domestic

2,612.0

2,742.2

(4.7%)

4,527.5

4,451.8

1.7%

Revenue load factor, %

69.3%

63.4%

5.9 p.p.

66.3%

63.7%

2.6 p.p.

- international

71.3%

55.3%

16.0 p.p.

56.5%

52.5%

4.0 p.p.

- domestic

69.1%

66.5%

2.6 p.p.

69.6%

68.5%

1.1 p.p.

Revenue flights

62,428

82,109

(24.0%)

126,385

137,242

(7.9%)

- international

5,724

9,507

(39.8%)

18,781

16,411

14.4%

- domestic

56,704

72,602

(21.9%)

107,604

120,831

(10.9%)

Flight hours

166,336

201,842

(17.6%)

343,319

339,867

1.0%

AeroflotGroupOperatingResultsin Q2 2022

Aeroflot Group airlines: All flights

April

May

June

Total

Passengers carried, thousand PAX

2,177.8

2,746.8

3,756.1

8,680.6

Change vs. 2021, %

(27.9%)

(23.5%)

(17.9%)

(22.4%)

Revenue Passenger Kilometres, mn

4,999.2

6,463.5

9,021.0

20,483.7

Change vs. 2021, %

(20.4%)

(14.6%)

(8.8%)

(13.7%)

Passenger load factor, %

82.6%

81.0%

86.4%

83.7%

Change vs. 2021, %

4.6 p.p.

5.2 p.p.

6.5 p.p.

5.6 p.p.

Aeroflot Group airlines: Domestic flights

April

May

June

Total

Passengers carried, thousand PAX

2,086.7

2,529.0

3,412.2

8,027.9

Change vs. 2021, %

(19.8%)

(18.2%)

(13.5%)

(16.7%)

Revenue Passenger Kilometres, mn

4,779.8

5,822.6

7,953.2

18,555.6

Change vs. 2021, %

(1.5%)

(0.1%)

2.0%

0.4%

Passenger load factor, %

83.2%

81.0%

86.0%

83.6%

Change vs. 2021, %

3.6 p.p.

3.8 p.p.

4.2 p.p.

3.9 p.p.

Aeroflot Group airlines: International flights

April

May

June

Total

Passengers carried, thousand PAX

91.1

217.8

343.8

652.7

Change vs. 2021, %

(78.2%)

(56.5%)

(45.4%)

(57.8%)

Revenue Passenger Kilometres, mn

219.5

640.9

1,067.7

1,928.1

Change vs. 2021, %

(84.6%)

(63.2%)

(49.2%)

(63.4%)

Passenger load factor, %

71.2%

81.2%

89.8%

84.3%

Change vs. 2021, %

(1.8 p.p.)

9.6 p.p.

15.8 p.p.

11.4p.p.

[1] Management accounts.