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Aeroflot Group carries record high traffic of 50 million passengers in 2017
Moscow – Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for December and twelve months of 2017[1].
January–December 2017 Operating Highlights
In twelve months of 2017, Aeroflot Group carried 50.1 million passengers, up 15.4% year-on-year. Aeroflot airline carried 32.8 million passengers, a year-on-year increase of 13.3%.
Group and Company RPKs increased by 16.2% and 11.0% year-on-year, respectively. ASKs rose by 14.2% year-on-year for Aeroflot Group and by 10.3% for Aeroflot airline.
The passenger load factor increased by 1.4 p.p. year-on-year to 82.8% for the Group and by 0.5 p.p. year-on-year to 81.8% for the Company.
December 2017 Operating Highlights
In December 2017, Aeroflot Group carried 3.8 million passengers, up 9.6% year-on-year. Aeroflot airline carried 2.6 million passengers, a year-on-year increase of 8.7%.
Group and Company RPKs increased by 9.1% and 7.8% year-on-year, respectively. ASKs rose by 7.3% year-on-year for Aeroflot Group and by 7.9% for Aeroflot airline.
On domestic routes, Group passengers carried and RPKs grew by 8.5% and 7.5% year-on-year, respectively. ASKs grew by 2.8% year-on-year. Company passengers carried and RPKs on domestic routes were up 8.8% and 6.3% year-on-year, respectively. ASKs grew by 5.3%.
In December 2017, the number of passengers carried on the Group’s international routes increased by 11.0% year-on-year. RPKs increased by 10.2%, while capacity grew by 10.2%. The number of passengers carried by Aeroflot airline on international routes increased by 8.7%. RPKs increased by 8.5% and ASKs by 9.0%. Growth in the international segment was driven by stable demand in the context of a strengthening ruble, increased flight frequencies and the launch of flights to new international destinations, as well as the development of Rossiya’s partnerships with tour operators and of Pobeda’s international route network.
The passenger load factor increased by 1.3 p.p. year-on-year to 78.6% for the Group. For the Company the passenger load factor decreased by 0.1 p.p. year-on-year to 77.1%.
Fleet Update
In December 2017, the Group added five aircraft: three SSJ100 and two Boeing 737-800. At the same time one Boeing 777-200ER was phased out of the Aeroflot Group fleet. Overall, since the start of the year the Group fleet increased by 40 aircraft, bringing the total fleet to 325 aircraft as of 31 December 2017 (excluding one An-24 which was leased out and six An-148 which were subleased).
In December 2017, Aeroflot airline added four aircraft: three SSJ100 and two Boeing 737-800. Overall, since the start of the year the fleet of Aeroflot airline increased by 35 aircraft, bringing the total fleet to 224 aircraft as of 31 December 2017.
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Eurozone economy in plus mode also in 2018, whch underpins the euro vs. US-Dollar at $1.2413 currently.
Daily High: $1.2459 <> Daily Low: $1.2384
The Eurozone PMI increased from 58.1 to 58.6 in January, indicating high levels of economic activity at the start of the year. Price pressures surged, which the ECB will surely follow with interest, but is unlikely to act later on this Thursday (13:45 hrs).
The PMI adds to the list of positive January indicators after the German ZEW survey and consumer confidence on Tuesday already increased earlier.
The picture that the PMI paints is one of an economy that has recently experienced accelerating growth and has reached the limits its production capacity. This means that employment growth continues at a rapid pace because businesses are hiring to keep up with the inflow of new orders.
At the same time, businesses are investing more as capacity constraints are reached. This leads to a positive picture for economic growth in 2018 as employment growth will fuel consumption and investment will be boosted by the high capacity utilization.
With backlogs of work high, that means that analysts are looking at a very strong start to the year for the Eurozone economy.
Analysts believe 2018 could again be a year in which Eurozone growth beats expectations, but still inflation is not picking up as wage growth remains weak.
In fact, the recent appreciation of the euro will exert more downward pressure on the inflation rate later in 2018, which means analysts expect cautious communication from the ECB later.
The surge in price pressures indicated by the PMI will be important to note though, as this was not just due to the higher oil prices but also thanks to improved pricing power.
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FCA (UK) fines Interactive Brokers (UK) Limited £1,049,412 for poor market abuse controls and failure to report suspicious client transactions
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British budget airline Easyjet (soars) had benefited as rivals struggled.
The European airline industry was reshaped last year after British holiday carrier Monarch collapsed, Germany’s Air Berlin and Italy’s Alitalia went into administration and Europe’s biggest budget airline Ryanair scrapped flights due to pilot rostering issues.