Aeroflot's shareholders agreed on the distribution of dividends for the year 2024.
After facing losses in 2023, Aeroflot, Russia's largest airline, has made a remarkable comeback, reporting a significant increase in revenue and net profit in 2024. According to Aeroflot's press service, the airline's revenue for 2024, as per International Financial Reporting Standards (IFRS), grew by 40% year-on-year to 856.7 billion rubles. This impressive turnaround saw Aeroflot reporting a net profit of 55 billion rubles ($701.5 million) under IFRS, a dramatic shift from a loss of 14 billion rubles ($178.5 million) in 2023.
Several factors contributed to this positive shift. There was growth in passenger traffic, with domestic flights returning to growth and an increase in October passenger traffic by 6.5% year-on-year. Aeroflot's budget subsidiary was also expected to serve 13.6 million passengers in 2024, illustrating a boost in passenger volumes.
The airline expanded its service network to 260 destinations for the season, indicating enhanced market coverage and revenue opportunities. A notable example of successful service adaptation was the record usage of Aeroflot's "flat" fare program, with 1.368 million passengers traveling between Moscow and the Far Eastern cities in 2024.
Operational efficiency and local adaptation also played a significant role in Aeroflot's financial turnaround. The airline successfully transitioned to local IT products and services and was involved in replacing western-made components in its aircraft, which might have helped reduce costs and improve operational stability.
These factors combined facilitated Aeroflot's return to profitability and revenue growth after losses the previous year. The airline’s close focus on boosting passenger numbers, expanding routes, and optimizing operations were central to achieving this financial turnaround in 2024.
In a recent development, Aeroflot's board of directors recommended the payment of dividends on May 30, 2025. Eligibility for dividends will be determined by July 18, 2025, and the dividends will be paid by August 21, 2025. Aeroflot has allocated 20.9 billion rubles for dividend payments.
Following the general meeting of shareholders, Aeroflot's shares on the Moscow Exchange briefly jumped to 65.79 rubles, representing a 0.36% increase. However, the article does not provide information about who the investors are in this context.
This is the first payout since 2019, according to Aeroflot's press service. The trading data for Aeroflot's shares was obtained from the Moscow Exchange. The article does not mention any other companies or entities in relation to Aeroflot's share price, nor does it provide information about who the shareholders are in this context. These financial details were reported by Aeroflot's press service.
- Aeroflot's remarkable comeback in 2024, as evidenced by a significant increase in revenue and net profit, has enabled the airline to consider payment of dividends in 2025, showing improvement in its financial position.
- As part of its financial strategy, Aeroflot has allocated 20.9 billion rubles for dividend payments, indicating the airline's focus on returning value to its shareholders, following its impressive financial turnaround in 2024.
