PJSC Aeroflot : Aeroflot Group Announces Operating Results for March 2022

Aeroflot Group Announces Operating Results for March 2022 25 April 2022

Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces Aeroflot Group operating results for March and 3M 2022 [1].

Key highlightsofMarch 2022:

• Aeroflot Group carried 2.2 million passengers, 20.4% down year-on-year;
• 2.0 million passengers carried in domestic segment, 15.7% down year-on-year;
• Aeroflot Group's passenger load factor was 79.5%, a 3.3 percentage point decrease year-on-year;
• Pobeda Airlines carried 910.9 thousand passengers; passenger load factor was 92.2%.

AeroflotGroupOperatingResults Aeroflot Airlines

March 2022	March 2021	Change	3M 2022	3M 2021	Change
Passengers carried, thousand PAX	836.7	1,232.9	(32.1%)	3,763.7	3,270.2	15.1%
- international	137.2	284.3	(51.7%)	1,276.1	676.8	88.6%
- domestic	699.5	948.6	(26.3%)	2,487.6	2,593.4	(4.1%)
Revenue Passenger Kilometres, mn	2,259.0	2,921.9	(22.7%)	10,136.1	7,625.8	32.9%
- international	497.2	1,008.1	(50.7%)	4,601.2	2,470.7	86.2%
- domestic	1,761.8	1,913.8	(7.9%)	5,534.9	5,155.1	7.4%
Available Seat Kilometres, mn	3,096.0	3,785.4	(18.2%)	14,696.2	10,337.0	42.2%
- international	720.1	1,436.8	(49.9%)	7,353.4	3,724.9	97.4%
- domestic	2,375.9	2,348.6	1.2%	7,342.8	6,612.1	11.1%
Passenger load factor, %	73.0%	77.2%	(4.2 p.p.)	69.0%	73.8%	(4.8 p.p.)
- international	69.0%	70.2%	(1.1 p.p.)	62.6%	66.3%	(3.8 p.p.)
- domestic	74.2%	81.5%	(7.3 p.p.)	75.4%	78.0%	(2.6 p.p.)
Revenue flights	6,517.0	9,569.0	(31.9%)	29,910	27,397	9.2%
- international	883.0	2,021.0	(56.3%)	9,866	5,313	85.7%
- domestic	5,634.0	7,548.0	(25.4%)	20,044	22,084	(9.2%)
Flight hours	19,784	25,802	(23.3%)	91,825	73,156	25.5%

Pobeda Airlines

March 2022	March 2021	Change	3M 2022	3M 2021	Change
Passengers carried, thousand PAX	910.9	982.3	(7.3%)	3,109.3	2,755.0	12.9%
- international	23.4	59.8	(60.8%)	242.6	160.5	51.1%
- domestic	887.5	922.4	(3.8%)	2,866.8	2,594.5	10.5%
Revenue Passenger Kilometres, mn	1,853.3	1,630.1	13.7%	5,714.4	4,581.8	24.7%
- international	85.1	147.3	(42.2%)	670.5	395.2	69.7%
- domestic	1,768.2	1,482.8	19.2%	5,043.9	4,186.7	20.5%
Available Seat Kilometres, mn	2,010.2	1,739.0	15.6%	6,231.8	4,969.6	25.4%
- international	101.8	161.2	(36.8%)	775.9	467.1	66.1%
- domestic	1,908.4	1,577.8	21.0%	5,455.9	4,502.5	21.2%
Passenger load factor, %	92.2%	93.7%	(1.5 p.p.)	91.7%	92.2%	(0.5 p.p.)
- international	83.6%	91.4%	(7.8 p.p.)	86.4%	84.6%	1.8 p.p.
- domestic	92.7%	94.0%	(1.3 p.p.)	92.4%	93.0%	(0.5 p.p.)
Revenue flights	5,249	5,579	(5.9%)	17,954	15,844	13.3%
- international	150	348	(56.9%)	1,477	1,008	46.5%
- domestic	5,099	5,231	(2.5%)	16,477	14,836	11.1%
Flight hours	14,284	12,470	14.5%	44,634	35,780	24.7%

Rossiya Airlines

March 2022	March 2021	Change	3M 2022	3M 2021	Change
Passengers carried, thousand PAX	456.1	554.0	(17.7%)	1,631.0	1,345.3	21.2%
- international	28.8	35.0	(17.8%)	275.9	67.6	4.1х
- domestic	427.3	519.0	(17.7%)	1,355.1	1,277.7	6.1%
Revenue Passenger Kilometres, mn	1,150.6	1,209.9	(4.9%)	4,094.9	3,035.4	34.9%
- international	148.7	108.6	36.9%	1,087.9	206.1	5.3х
- domestic	1,001.9	1,101.3	(9.0%)	3,007.0	2,829.3	6.3%
Available Seat Kilometres, mn	1,513.3	1,432.3	5.7%	5,224.4	3,728.3	40.1%
- international	169.5	123.2	37.5%	1,273.8	236.3	5.4х
- domestic	1,343.9	1,309.1	2.7%	3,950.5	3,492.0	13.1%
Passenger load factor, %	76.0%	84.5%	(8.4 p.p.)	78.4%	81.4%	(3.0 p.p.)
- international	87.7%	88.1%	(0.4 p.p.)	85.4%	87.2%	(1.8 p.p.)
- domestic	74.6%	84.1%	(9.6 p.p.)	76.1%	81.0%	(4.9 p.p.)
Revenue flights	4,645	4,975	(6.6%)	16,093	11,892	35.3%
- international	146	292	(50.0%)	1,714	583	2.9х
- domestic	4,499	4,683	(3.9%)	14,379	11,309	27.1%
Flight hours	11,501	11,975	(4.0%)	40,525	29,089	39.3%

AeroflotGroupOperatingResults

March 2022	March 2021	Change	3M 2022	3M 2021	Change
Passengers carried, thousand PAX	2,203.7	2,769.2	(20.4%)	8,504.0	7,370.5	15.4%
- international	189.4	379.2	(50.0%)	1,794.6	904.9	98.3%
- domestic	2,014.3	2,390.0	(15.7%)	6,709.5	6,465.6	3.8%
Revenue Passenger Kilometres, mn	5,262.9	5,761.8	(8.7%)	19,945.5	15,243.1	30.8%
- international	730.9	1,264.0	(42.2%)	6,359.6	3,072.0	2.1х
- domestic	4,531.9	4,497.9	0.8%	13,585.8	12,171.1	11.6%
Available Seat Kilometres, mn	6,619.6	6,956.7	(4.8%)	26,152.4	19,035.0	37.4%
- international	991.4	1,721.2	(42.4%)	9,403.2	4,428.4	2.1х
- domestic	5,628.2	5,235.5	7.5%	16,749.2	14,606.6	14.7%
Passenger load factor, %	79.5%	82.8%	(3.3 p.p.)	76.3%	80.1%	(3.8 p.p.)
- international	73.7%	73.4%	0.3 p.p.	67.6%	69.4%	(1.7 p.p.)
- domestic	80.5%	85.9%	(5.4 p.p.)	81.1%	83.3%	(2.2 p.p.)
Cargo and mail carried, tonnes	12,303.0	22,712.4	(45.8%)	53,376.5	62,199.0	(14.2%)
- international	1,288.9	9,040.6	(85.7%)	19,110.7	24,978.9	(23.5%)
- domestic	11,014.1	13,671.9	(19.4%)	34,265.8	37,220.1	(7.9%)
Revenue Cargo Tonne Kilometres, mn	48.4	103.5	(53.2%)	226.8	275.3	(17.6%)
- international	5.4	53.9	(89.9%)	101.2	144.1	(29.8%)
- domestic	43.0	49.6	(13.4%)	125.7	131.3	(4.3%)
Revenue Tonne Kilometres, mn	522.1	622.0	(16.1%)	2,021.9	1,647.2	22.7%
- international	71.2	167.6	(57.5%)	673.5	420.6	60.2%
- domestic	450.8	454.4	(0.8%)	1,348.4	1,226.7	9.9%
Available Tonne Kilometres, mn	781.9	943.1	(17.1%)	3,177.8	2,567.9	23.7%
- international	135.5	328.4	(58.7%)	1,262.3	858.3	47.1%
- domestic	646.4	614.6	5.2%	1,915.5	1,709.6	12.0%
Revenue load factor, %	66.8%	66.0%	0.8 p.p.	63.6%	64.1%	(0.5 p.p.)
- international	52.6%	51.0%	1.5 p.p.	53.4%	49.0%	4.4 p.p.
- domestic	69.7%	73.9%	(4.2 p.p.)	70.4%	71.8%	(1.4 p.p.)
Revenue flights	16,411	20,123	(18.4%)	63,957	55,133	16.0%
- international	1,179	2,661	(55.7%)	13,057	6,904	89.1%
- domestic	15,232	17,462	(12.8%)	50,900	48,229	5.5%
Flight hours	45,569	50,247	(9.3%)	176,983	138,025	28.2%

[1] Management accounts.