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PJSC Aeroflot (Moscow Trade ticker: MOEX) announces the success of a meeting of its Board of Administrators held on 5 April 2021 by joint attendance. 

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The meeting agenda bundled the following items.

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Improvement of the Krasnoyarsk regional hub

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Pursuing the resolution by the Management Board, the international regional hub at Krasnoyarsk will be introduced on 1 June 2021. In the summertime program, flights from Krasnoyarsk will function to Sochi, Krasnodar, Simferopol, and Blagoveshchensk.  

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Results of implementation of Aeroflot Group’s consolidated funds targets for the full 12 months 2020

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Whole passenger website traffic for the Russian air travel market place in 2020, which include intercontinental carriers traveling to and from Russia, was 73.3 million travellers. Aeroflot Group’s current market share was 42.3%. Aeroflot Team posted a net reduction of 123.2 billion rubles, in accordance to the IFRS economic final results. Dynamics of important operational and economical metrics of the Group for the 12 months 2020 is comparable to that of intercontinental rivals likewise dealing with a considerably reduced demand amid COVID-19 pandemic.

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The PJSC Aeroflot Auditor Report on the Group’s IFRS money statements for the entire yr 2020

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The Auditor (JSC Rate Waterhouse Coopers) acknowledged that timing compliance for the Group’s IFRS financial statements planning and issuance was in line with the global aviation industry’s very best practices.

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Yearly accounting statements, such as the Company’s money effects for the 2020 money calendar year

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COVID-19 pandemic has noticeably influenced financial benefits for the yr 2020.  Coronavirus spread–induced limitations on air journey concerning Russia and overseas nations, on the back of rising critical overseas currencies exchange premiums against the ruble led to the weaker operational final results.

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The PJSC Aeroflot Auditor Report on the Company’s RAS fiscal statements for the entire year 2020

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The Audit of the accounting (monetary) statements was carried out by JSC HLB Vneshaudit. The auditor noted that the money statements precisely mirror PJSC Aeroflot’s financial posture as of 31 December 2020. 

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Implementation of Aeroflot Group’s long-time period development programme (LDP) and accomplishment of vital performance indicators (KPIs) for the whole calendar year 2020

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Most KPIs underneath the Group’s LDP implementation in 2020 ended up realized. Non-achievement of selected KPIs is the final result of COVID-19 pandemic results.

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PJSC Aeroflot’s incentive system

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The unique KPI’s for 4Q 2020 and FY 2020 of PJSC Aeroflot’s deputy CEOs and other Administration Board users as nicely as PJSC Aeroflot’s Main Accountant have been mainly sent on. The non-shipping and delivery on sure KPIs is the result of COVID-19 pandemic outcomes

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About Aeroflot

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Aeroflot  is Russia’s flagship carrier and a very pleased member of the SkyTeam global airline alliance.

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Aeroflot ranks among the 20 major airways globally.

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In 2020, Aeroflot carried 14.6 million travellers (30.2 million passengers as Aeroflot Team which includes subsidiaries).

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Aeroflot was the world’s most on-time mainline airline in 2019 according to Cirium’s On-Time Effectiveness Review. 

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Aeroflot holds 4-Star Airline standing from Skytrax and was named Most effective Airline in Eastern Europe for the eighth time at the 2019 Skytrax Globe Airline Awards. Aeroflot has also been awarded a 5-star international airline rating by US aviation affiliation APEX.

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Aeroflot  was named the strongest brand name in Russia in 2020 and the world’s strongest airline brand in accordance to major manufacturer tactic consultancy Model Finance. Aeroflot ranks fourth in the business for digitalisation, according to Bain & Firm exploration.

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Uncover out more at http://www.aeroflot.com/

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