Aeroflot announces results of Board of Directors meeting

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

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The meeting agenda included the adhering to goods.

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Progress of the Krasnoyarsk regional hub

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Following the resolution by the Administration Board, the international regional hub at Krasnoyarsk will be released on 1 June 2021. In the summer season agenda, flights from Krasnoyarsk will function to Sochi, Krasnodar, Simferopol, and Blagoveshchensk.  

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Results of implementation of Aeroflot Group’s consolidated finances targets for the entire year 2020

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Full passenger traffic for the Russian air vacation industry in 2020, which include worldwide carriers traveling to and from Russia, was 73.3 million passengers. Aeroflot Group’s marketplace share was 42.3%. Aeroflot Team posted a web reduction of 123.2 billion rubles, according to the IFRS money results. Dynamics of vital operational and fiscal metrics of the Team for the year 2020 is comparable to that of worldwide competition furthermore dealing with a considerably minimized need amid COVID-19 pandemic.

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The PJSC Aeroflot Auditor Report on the Group’s IFRS financial statements for the entire 12 months 2020

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

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Yearly accounting statements, such as the Company’s economic final results for the 2020 monetary yr

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COVID-19 pandemic has drastically afflicted money final results for the year 2020.  Coronavirus spread–induced limitations on air travel involving Russia and foreign countries, on the back again of increasing crucial foreign currencies exchange premiums towards the ruble led to the weaker operational effects.

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The PJSC Aeroflot Auditor Report on the Company’s RAS financial statements for the complete yr 2020

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The Audit of the accounting (monetary) statements was carried out by JSC HLB Vneshaudit. The auditor observed that the economical statements accurately mirror PJSC Aeroflot’s economic position as of 31 December 2020. 

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Implementation of Aeroflot Group’s lengthy-time period enhancement programme (LDP) and achievement of essential overall performance indicators (KPIs) for the complete year 2020

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Most KPIs less than the Group’s LDP implementation in 2020 were obtained. Non-achievement of particular KPIs is the outcome of COVID-19 pandemic consequences.

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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 members as effectively as PJSC Aeroflot’s Chief Accountant were being largely delivered on. The non-shipping on particular KPIs is the end result of COVID-19 pandemic outcomes

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About Aeroflot

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Aeroflot  is Russia’s flagship provider and a very pleased member of the SkyTeam world wide 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 Group including subsidiaries).

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

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Aeroflot holds 4-Star Airline standing from Skytrax and was named Most effective Airline in Japanese Europe for the eighth time at the 2019 Skytrax Earth Airline Awards. Aeroflot has also been awarded a five-star international airline ranking by US aviation association 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 primary brand strategy consultancy Model Finance. Aeroflot ranks fourth in the sector for digitalisation, in accordance to Bain & Firm research.

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

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