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Net loss of Aeroflot in the first quarter increased by 11.8%

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Aeroflot Group showed a net loss of RUB 25.1 billion in the first quarter of 2021, according to published international financial statements (IFRS). A year earlier, it amounted to 22.5 billion rubles. The loss compared to the same period last year increased by 11.8%.

Aeroflot’s revenue in the first quarter decreased by 39% to RUB 75.49 billion. Passenger traffic on the company’s flights decreased by 34%, to 7.37 million people, while international passenger traffic lost 80%.

The coronavirus pandemic continued to have a serious impact on aviation in the first quarter of 2021, said Andrey Chikhanchin, Aeroflot’s deputy general director for commerce and finance. “International air traffic was carried out with significant restrictions, most of the regular network remained closed,” he said in a commentary to the reporting.

In March, Andrey Panov, Aeroflot’s deputy general director for strategy, service and marketing, reported that the restoration of passenger traffic on flights is expected in the second half of 2022 or early 2023. According to him, the domestic air transportation market after recovery will be higher than in 2019, while the international market will be lower.

About the rise in the cost of tickets for flights in the context of a pandemic – in the material of “Kommersant” “Prices flew away.”

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