Aeroflot Group reported the second-highest operating margin among legacy European airline groups in 2015, with an operating margin of 10.6 percent on operating profit of RUB 44,107 million, the company said.
Also for 2015, Aeroflot Group´s flagship airline, Aeroflot – Russian Airlines, was the fifth-largest airline in Europe by Revenue Passenger Kilometers (RPKs), the industry´s main measure of passenger traffic.
Aeroflot – Russian Airlines´ RPKs increased 10.4 percent in 2015, more than twice as fast as the European average of 5.1 percent, according to Airline Business magazine.
Aeroflot´s rise in the European rankings comes despite a challenging economic environment for Russia, with the economy in recession and real wages and consumer spending down markedly.
Among listed European legacy airlines, Aeroflot Group´s 10.6 percent operating margin placed it behind only Icelandair, and ahead of British Airways parent IAG, according to authoritative industry research group CAPA Centre for Aviation. These three airlines were the only legacy European carriers to post double-digit operating margins for the year.