JSC Aeroflot announces operating results of the Company and Aeroflot Group for the first nine months (9M) of 2014.
JSC Aeroflot standalone:
For 9M 2014, passenger traffic totalled 17.83 mln, a 13.4% year-on-year increase.
In the first nine months of 2014, the Company expanded its fleet, including 13 new Airbus A320s, three new Boeing 737-800 and six new Boeing 777-300ERs. The new factory-direct planes contributed to the ongoing modernisation of the fleet, which is now the youngest in the World1. In 9M 2014 four Boeing 767-300ER aircraft exited the Aeroflot fleet as their leases expired, and seven Airbus A320 family aircraft were transferred to subsidiary airlines. Changes to the Company’s fleet contributed to an increase in available seat kilometres (“ASK”) of 12.1% year-on-year in 9M 2014.
A significant deceleration in transit traffic from Ukraine, lower demand for leisure travel, which is sensitive to the political and economic crisis, and discontinuation of blocked-off charter flights (which have lower profitability but higher seat load factors) also contributed to the changes in passenger load factor on routes to Southeast Asia. For 9M 2014, the passenger load factor was 79.5%, a 0.2 p.p. decrease year-on-year.
Total passenger traffic for September 2014 increased 9.2% year-on-year to 3.30 mln due to a 26.5% increase in domestic traffic. International traffic for September 2014 was down 4.3% year-on-year, due in part to restructuring of Rossiya Airlines routes and increased numbers of flights on domestic routes (amid higher passenger load factor) and the company ceasing to operate low-margin block charter flights on tourist routes.
Passenger traffic for 9M 2014 increased 10.5% year-on-year to 26.53 mln.
September 2014 RPKs increased 6.7% year-on-year to 8.58 bln, with RPKs on domestic and international flights up 19.9% and down 0.5% year-on-year, respectively. Aeroflot Group’s RPK for 9M 2014 increased 5.7% year-on-year to 69.11 bln.
The passenger load factor for September 2014 was 80.9%, a 0.8 p.p. year-on-year decrease. The load factor was 79.2% in 9M 2014, an increase of 0.1 p.p. year-on-year.
On 4 August 2014 Aeroflot suspended flights of Dobrolet due to sanctions imposed by the European Union on the budget carrier subsidiary.
The tables below provide key operating results for JSC “Aeroflot” and Aeroflot Group.