Russia: Aeroflot Expects to Handle 47m Passengers in 2024

Russia: Aeroflot Expects to Handle 47m Passengers in 2024
Papas Dos from Moscow, Russia, CC BY 2.0 , via Wikimedia Commons

Aeroflot, based in Moscow, Russia has announced this week that it expects to handle 47 million passengers in 2024, which is four per cent higher than this year’s expectations.

As per a report from Interfax, the carrier expects that 43 million passengers will be handled by year-end, with that rising to 47 million.

Without further ado, let’s get into it…

Russia: Aeroflot Expects to Handle 47m Passengers in 2024…

Russia: Aeroflot Expects to Handle 47m Passengers in 2024
Fedor Leukhin, CC BY-SA 2.0, via Wikimedia Commons

Aeroflot CEO Sergei Aleksandrovsky had this to say on how things will look like for the Russia-based carriers over the next 12-18 months.

“The baseline scenario for 2023 was 43 million [passengers]. By the middle of the year we understand that we can add, so we revised to 45 million. The target for next year is at least 47 million passengers,”

“June is the start of the active summer season. September is usually worse, but right now we’re seeing a trend to be higher than the start of the season,”

“Right now, given that airlines have come out of the high season, prices have more or less stabilized. We don’t expect significant deviations before the end of the year for certain,”

“Taking into account the base reached in 2023, growth is expected at the level of inflation if there is not some extreme growth of other expenses – kerosene, airport costs, an increase in leasing rates and so on,”

The Russia-based carrier believes that the breakdown will be 20% international flights and 80% domestic for its forecasts.

With the carrier opting to expand into as many markets it can, it will be interesting to see what the next 12-18 months will hold for the airline.

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