Aeroflot Group Companies Report Mixed Results for 2019

Russia’s largest airline conglomerate Aeroflot Group served 60.7 million passengers in 2019, up 9% year-on-year but companies within the holding reported mixed results, reports.

The four carriers within the group – flag carrier Aeroflot, low-cost carrier Pobeda Airlines, medium-segment operator Rossiya Airlines and far eastern regional carrier Aurora Airlines – demonstrated mixed operational results in their respective customer segments. Whilst Pobeda grew considerably by 43.2 per cent year-on-year, the other traditional business-model airline members trailed well behind in terms of growth rates.

Last year, Aeroflot Group’s share of the entire Russian airlines’ market decreased by one percentage point on 2018 and now stands at 46.8 per cent.

Although combined RPKs and ASKs climbed for the entire group in 2019 – by 9.2 and 10.3 per cent year-on-year, respectively – the seat load factor decreased by 0.8 p.p. year-on-year to 81.9 per cent.

As of 31 December 2019, the group’s airlines’ combined fleet size of 358 was eight aircraft less than 2018.

In 2019, Aeroflot – Russian Airlines, the country’s national flag carrier and undisputed market leader, carried some 37.2 million passengers, a modest year-on-year increase of 4.1 per cent. Its RPKs increased by 3.8 per cent year-on-year, whilst ASKs rose by 5.5 per cent. At the same time, Aeroflot’s seat load factor decreased by 1.3 p.p. to 79.2 per cent. As of December 31, 2019, Aeroflot had 245 aircraft in its fleet, compared to 253 at the end of 2018.