Aeroflot updates strategy to target 130m passengers in 2028

Board of directors of PJSC Aeroflot has updated its group strategy though 2020, the company said.

Under the updated strategy the group will target 130 million passengers in 2028. The group´s fleet is expected to reach 600 aircraft, of which 235 will be Russian-built.

The strategy also calls for additional differentiation among the group´s airlines in terms of their individual priorities and operating models. Aeroflot will focus on developing long-haul operations.

The company will focus on budget travel and will aim to carry 55-65 million passengers in 2028. Further development of the group´s low-cost carrier will help significantly reduce average ticket prices for economy-class travel and increase air transport accessibility in Russia.

Rossiya airline will focus on the Russian domestic market, including flat fares on socially important routes, as well as on operating Russian-built aircraft.

Aeroflot (Moscow Exchange ticker: AFLT) is Russia´s flagship carrier and a member of the SkyTeam global airline alliance. In 2019, Aeroflot carried 37.2 million passengers (60.7 million passengers as Aeroflot Group including subsidiaries).