Net loss of Aeroflot according to IFRS amounted to 21.1 billion rubles in the third quarter. against the backdrop of a fall in revenue by 60%

Net loss "Aeroflot" according to IFRS amounted to 21.1 billion rubles in the 3rd quarter. against the backdrop of a fall in revenue by 60% Revenue "Aeroflot" according to IFRS in the 3rd quarter of 2020 fell by 60% year-on-year, to RUB 84.9 billion, the company said.

Revenue from passenger traffic decreased in the reporting period by 61%, to 74 billion rubles, from freight traffic - increased by 0.6%, to 4.85 billion rubles. Other revenue decreased by 65% ​​to RUB 6 billion.

EBITDA of the group amounted to 20.1 billion rubles.

The net loss amounted to RUB 21.1 billion. against a profit of 29.1 billion rubles. a year earlier.

Group operating expenses "Aeroflot" decreased by 42%, to 95.5 billion rubles..

Group passenger traffic "Aeroflot" in the 3rd quarter fell by 45% yoy (to 10.1 million people), passenger turnover - by 56% (to 21 billion passenger-kilometers), seat load - by 5.5 percentage points (up to 83%).

"The low season for Q4 2020 - Q1 2021 promises to remain extremely challenging for an aviation operating under constraints and seasonal declining demand. In this regard, we maintain a conservative approach to the use of tanks in addition to their seasonal decline.", - noted by CFO "Aeroflot" Andrey Chikhanchin, whose words are quoted in the message.

Revenue for 9 months of this year decreased by 55.3% compared to the same period last year, to 234.213 billion rubles, the company said..

EBITDA amounted to RUB 31.180 billion. (decrease by 78%);

Net loss "Aeroflot" amounted to 79.406 billion rubles in January-October. against profit a year earlier (20.305 billion rubles).

Volume of loans and borrowings "Aeroflot" for 9 months increased by 4.2 times compared to the end of last year, up to 65.8 billion rubles, including short-term - 3.4 times, up to 42.3 billion rubles. After the reporting period, in October, the group received three tranches under the credit lines of Sberbank (MCX: SBER): for 20 billion rubles. until June 2025, 1 billion rubles. until October 2021 and 536 million rubles. until June 2021.

"Aeroflot" - the largest aviation group in the Russian Federation, unites the airline of the same name, "Russia", low-budget "Victory" and flying in the Far East "Aurora". The state through the Federal Property Management Agency controls 57.34% of shares in "Aeroflot (MCX: AFLT)", 1.96% are quasi-treasury shares, 0.05% are held by the company's management, 40.65% are in free float.