February 23, 2024

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Aeroflot announces results of Board of Directors meeting

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

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The assembly agenda involved the subsequent objects.

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Development of the Krasnoyarsk regional hub

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Subsequent the resolution by the Management Board, the intercontinental regional hub at Krasnoyarsk will be introduced on 1 June 2021. In the summer months plan, flights from Krasnoyarsk will work to Sochi, Krasnodar, Simferopol, and Blagoveshchensk.  

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Effects of implementation of Aeroflot Group’s consolidated budget targets for the total calendar year 2020

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Complete passenger visitors for the Russian air journey sector in 2020, together with worldwide carriers traveling to and from Russia, was 73.3 million travellers. Aeroflot Group’s sector share was 42.3{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9}. Aeroflot Group posted a web decline of 123.2 billion rubles, according to the IFRS fiscal results. Dynamics of important operational and monetary metrics of the Team for the yr 2020 is similar to that of intercontinental competitors furthermore dealing with a noticeably decreased desire amid COVID-19 pandemic.

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The PJSC Aeroflot Auditor Report on the Group’s IFRS economic statements for the entire year 2020

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The Auditor (JSC Price tag Waterhouse Coopers) acknowledged that timing compliance for the Group’s IFRS financial statements preparation and issuance was in line with the world aviation industry’s very best procedures.

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Yearly accounting statements, which include the Company’s fiscal outcomes for the 2020 economical calendar year

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COVID-19 pandemic has considerably affected economical final results for the year 2020.  Coronavirus spread–induced constraints on air vacation involving Russia and overseas international locations, on the back of growing key foreign currencies trade rates against the ruble led to the weaker operational final results.

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The PJSC Aeroflot Auditor Report on the Company’s RAS economical statements for the total year 2020

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The Audit of the accounting (financial) statements was carried out by JSC HLB Vneshaudit. The auditor observed that the economic statements correctly replicate PJSC Aeroflot’s fiscal place as of 31 December 2020. 

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Implementation of Aeroflot Group’s prolonged-expression progress programme (LDP) and achievement of important functionality indicators (KPIs) for the total year 2020

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Most KPIs beneath the Group’s LDP implementation in 2020 were being achieved. Non-accomplishment of selected KPIs is the outcome of COVID-19 pandemic results.

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PJSC Aeroflot’s incentive system

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The personal KPI’s for 4Q 2020 and FY 2020 of PJSC Aeroflot’s deputy CEOs and other Management Board customers as nicely as PJSC Aeroflot’s Chief Accountant were being mostly delivered on. The non-delivery on particular KPIs is the consequence of COVID-19 pandemic effects

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About Aeroflot

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

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Aeroflot ranks among the 20 greatest airlines globally.

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

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

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Aeroflot holds 4-Star Airline status from Skytrax and was named Finest Airline in Japanese Europe for the eighth time at the 2019 Skytrax Planet Airline Awards. Aeroflot has also been awarded a 5-star global airline score by US aviation association APEX.

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Aeroflot  was named the strongest model in Russia in 2020 and the world’s strongest airline brand name in accordance to major manufacturer technique consultancy Model Finance. Aeroflot ranks fourth in the market for digitalisation, in accordance to Bain & Business study.

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

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