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


The assembly agenda incorporated the following merchandise.


Growth of the Krasnoyarsk regional hub


Pursuing the resolution by the Administration Board, the intercontinental regional hub at Krasnoyarsk will be introduced on 1 June 2021. In the summer season plan, flights from Krasnoyarsk will function to Sochi, Krasnodar, Simferopol, and Blagoveshchensk.


Effects of implementation of Aeroflot Groups consolidated spending plan targets for the total 12 months 2020


Full passenger targeted traffic for the Russian air vacation sector in 2020, together with worldwide carriers flying to and from Russia, was 73.3 million passengers. Aeroflot Groups current market share was 42.3%. Aeroflot Team posted a internet reduction of 123.2 billion rubles, according to the IFRS fiscal effects. Dynamics of vital operational and financial metrics of the Group for the year 2020 is comparable to that of global competition similarly going through a substantially lowered demand from customers amid COVID-19 pandemic.


The PJSC Aeroflot Auditor Report on the Groups IFRS fiscal statements for the full yr 2020


The Auditor (JSC Value Waterhouse Coopers) acknowledged that timing compliance for the Groups IFRS fiscal statements preparation and issuance was in line with the world aviation industrys best tactics.


Once-a-year accounting statements, which include the Companys economic success for the 2020 fiscal yr


COVID-19 pandemic has drastically influenced monetary outcomes for the year 2020. Coronavirus spreadinduced restrictions on air vacation amongst Russia and foreign countries, on the back again of increasing vital international currencies trade fees against the ruble led to the weaker operational benefits.


The PJSC Aeroflot Auditor Report on the Companys RAS fiscal statements for the total year 2020


The Audit of the accounting (economic) statements was carried out by JSC HLB Vneshaudit. The auditor famous that the economic statements precisely reflect PJSC Aeroflots economical placement as of 31 December 2020.


Implementation of Aeroflot Groups extended-phrase development programme (LDP) and achievement of important general performance indicators (KPIs) for the full 12 months 2020


Most KPIs beneath the Groups LDP implementation in 2020 have been realized. Non-accomplishment of selected KPIs is the result of COVID-19 pandemic results.


PJSC Aeroflots incentive system


The personal KPIs for 4Q 2020 and FY 2020 of PJSC Aeroflots deputy CEOs and other Management Board associates as nicely as PJSC Aeroflots Main Accountant had been largely sent on. The non-shipping on particular KPIs is the end result of COVID-19 pandemic outcomes




About Aeroflot


Aeroflot is Russias flagship provider and a proud member of the SkyTeam world-wide airline alliance.


Aeroflot ranks among the 20 largest airways globally.


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


Aeroflot was the worlds most on-time mainline airline in 2019 in accordance to Ciriums On-Time Overall performance Evaluation.


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


Aeroflot was named the strongest brand name in Russia in 2020 and the worlds strongest airline brand name in accordance to primary brand name technique consultancy Manufacturer Finance. Aeroflot ranks fourth in the business for digitalisation, according to Bain & Corporation research.


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