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Public Joint Stock Company Long-Distance and International Telecommunications Rostelecom Message Board

  • kathi17 kathi17 Dec 9, 1998 10:10 AM Flag


    Aeroflot ($24.63)
    MC $78 mn
    97 2.86
    P/S 97 0.06

    reported that it carried 4 mn passengers in the first
    eleven months of 1998, or 2% more passengers than in all
    The increase in passenger traffic was
    a result of:
    a significant rise in the number
    of flights in 11mo98 versus 11mo97, both
    internationally and domestically
    the company's fixing
    domestic tickets in roubles (prices were previously linked
    to the dollar) and providing discounts for

    international destinations (a discount of 30% for business
    class in one promotion)
    Aeroflot's large gains in
    market share at the expense of beleaguered domestic
    The higher passenger traffic will not boost
    financial results in the near term, as Aeroflot's load
    factor has declined due to the
    opening of new routes
    and an increased frequency of flights. Aeroflot's new
    expansion strategy had been imperfectly timed
    given the
    crisis in Russia, and any positive contribution from the
    new routes will take some time to emerge.
    believe that the total number of passengers carried by
    Aeroflot for the whole of 1998 will be lower than our
    expectations of
    4.45 mn. Aeroflot has, however,
    outperformed a sector that has seen a decline in total air
    traffic of 15% y-o-y.

    The performance of
    Aeroflot should also be seen in the context of the
    continued troubles at Transaero. The launch of

    Transaero's route to London, despite fares of $290 return,
    has led to very low load factors, as few as 80
    passengers in some
    cases. This disappointing performance
    comes on the back of a number of cancelled routes to
    Europe, poor yields on the route
    to Los Angeles,
    returned aircraft and poorly performing domestic routes.

    From UFG

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    • Hi Kathi17,

      How do you buy Aeroflot? What is the symbol?

7.63680.0000(0.00%)Oct 24 10:09 AMEDT