Domestic demand bolsters Aeroflot revenue
Aeroflot saw quarter-on-quarter rises in passenger demand and revenue during the three months ended 30 September, underpinned by strong domestic demand. Although Q3 revenue was down 67% on last year’s, at Rb55.2b ($695m), the carrier notes that load factors and yields were at “comparable levels”. Still, its Q3 net loss of Rb23.3b compares with a Rb21.4b profit in the same period of 2019. “In Q3 2020 Aeroflot Group carried 10.1m passengers, 3.8m of whom flew with Aeroflot airline,” it notes. “Taking into consideration all the operational and economic challenges currently facing the aviation sector, our gradual restoration of passenger traffic, driven primarily by the domestic market, is being achieved in a financially prudent manner.” Passenger numbers were four times higher in July-September compared with April-June, cutting the year-on-year decrease to 64% in the third quarter from 91% in the second. Aeroflot highlights IATA data showing that the Russian domestic market “was the only major market worldwide where operating volumes were fully restored as early as August”. It adds that “the market has continued to outstrip other markets in terms of its speed of recovery”.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-11-02/sky/domestic-demand-bolsters-aeroflot-revenue
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Domestic demand bolsters Aeroflot revenue
Aeroflot saw quarter-on-quarter rises in passenger demand and revenue during the three months ended 30 September, underpinned by strong domestic demand. Although Q3 revenue was down 67% on last year’s, at Rb55.2b ($695m), the carrier notes that load factors and yields were at “comparable levels”. Still, its Q3 net loss of Rb23.3b compares with a Rb21.4b profit in the same period of 2019. “In Q3 2020 Aeroflot Group carried 10.1m passengers, 3.8m of whom flew with Aeroflot airline,” it notes. “Taking into consideration all the operational and economic challenges currently facing the aviation sector, our gradual restoration of passenger traffic, driven primarily by the domestic market, is being achieved in a financially prudent manner.” Passenger numbers were four times higher in July-September compared with April-June, cutting the year-on-year decrease to 64% in the third quarter from 91% in the second. Aeroflot highlights IATA data showing that the Russian domestic market “was the only major market worldwide where operating volumes were fully restored as early as August”. It adds that “the market has continued to outstrip other markets in terms of its speed of recovery”.<br/>
