Russian airports renew the historical peak in passenger traffic

newsletter 05/06/2014

In spite of visible stagnation of the domestic economy, Russian airports show impressive growth rates of the amount of passengers in service. At the end of January-November 2013 the passenger traffic of the largest Russian air harbor - Moscow Domodedovo Airport - was 28,7 mln people, that is by 10% more than for the similar period of the previous year.

Being on the second place by the same index - Sheremetyevo International Airport (Moscow), has increased the passenger traffic by 11,7% to 27,14 mln people according to the results of 11 months of the year 2013.

The airport Pulkovo (Saint-Petersburg) has served fir the same period 12 mln people, that is by 15,3% more than the index of the similar period of the year 2012.
One more capital airport Vnukovo has got past the point of 10 mln people: 10,3 mln passengers have made use of hub’s services for the period under review, that is by 14,1% more than the index of the year 2012.

Now therefore, all three Moscow airports – Domodedovo, Sheremetyevo, Vnukovo, as well as St. Petersburg airport Pulkovo present double-digit growth rates of the amount of accepted passengers, what leads to the conclusion that the mobility of our citizens is growing from year to year.

Moscow air hub (Domodedovo, Sheremetyevo, Vnukovo) being the largest one in Eastern Europe served 63,9 mln passengers in 2012, and for January-November of the current year – already 66,1 mln people. Besides Domodedovo, following the results of 2012, was on the 11th place in Europe, Sheremetyevo – on the 13th.

Pulkovo will set a new record for itself this year – for the first time in its history it will overrun the rate of 12 mln people. The only one airport of the Northern Capital was on the 36th place in Europe in 2012.

The largest airport beyond Moscow and Saint-Petersburg is Koltsovo (Ekaterinburg), which served the 4 millionth passenger on the 19th of December, that is also a record for it for all its modern history.

Other participants of the TOP-10 also set maximum, for all post-communist time, values by number of served passengers – these are airports of Novosibirsk, Krasnodar, Sochi, Ufa and Krasnoyarsk.

Total for 2012 ten airports of the country served 90,3 mln people (75,4% of the total passenger traffic), that is more by 13,2% than in 2011, besides the share of Moscow air hub among TOP-10 reaches the level of 71%. This figure proves the fact that a great number of air travel directions are concentrated and closed on Moscow, especially international. It is no surprise in Russia, that by the flight from Chelyabinsk to Yakutsk you’ll have to transfer at Moscow. It is necessary to develop a network of regional air transportations, including to those countries of the world, which are in demand with local population.

российские аэропорты

Picture 1. Passenger traffic dynamics of TOP-10 airports of Russia

According to the information and analytical system Globas-i® of the Agency Credinform there was an unequal increase of turnover by TOP-10 airports in 2012. Sheremetyevo International airport succeeded in its increasing most of all – by 66% to 15,2 bln RUB. Mainly it is connected with opening of a newly built terminal D and switching of a part of flights, including governmental, from Vnukovo (in view of closing of the second runway for reconstruction). 

While in Vnukovo the turnover decreased by about 30%. But after the reconstruction of the airfield complex and recent setting to work of a new terminal A, it is a high probability that the total revenue would show a positive dynamics at current year-end.

Other airport complexes, except Koltsovo (Ekaterinburg), show positive dynamics of turnover.

The most profitable commercial companies in the Russian travel services market according to results of 2012 financial year
NameTurnover, in mln RUB, for 2011Turnover, in mln RUB, for 2012Change, %Solvency index GLOBAS-i® at the beginning of year 2014
1 "Mezhdunarodny Aeroport Sheremetyevo" JSC
INN: 7712094033
9 146,0 15 181,81 66,0 261 (high)
2 "Vozdushnye Vorota Severnoy Stolitsy" LLC (Pulkovo)
INN: 7703590927
6 007,7 7 367,4 22,6 232 (high)
3 "Aeroport Koltsovo" JSC
INN: 6608000446
4 179,7 4 130,0 -1,2 204 (high)
4 "Mezhdunarodny Aeroport "Domodedovo" CJSC
INN: 5009026330
2 958,1 3 246,8 9,8 209 (the highest)
5 "Mezhdunarodny Aeroport Ufa" JSC
INN: 0274108180
2 261,0 2 643,2 16,9 206 (the highest)
6 "Mezhdunarodny Aeroport Sochi" JSC
INN: 2317044843
2 053,1 2 155,2 5,0 282 (high)
7 "Mezhdunarodny Aeroport "Krasnodar" JSC
INN: 2312126429
2 066,5 2 118,3 2,5 202 (the highest)
8 "Aeroport Emelyanovo" LLC
INN: 2460213509
945,3 1 138,5 20,4 253 (high)
9 "Mezhdunarodny Aeroport "Vnukovo" JSC
INN: 7710404473
1 391,0 976,1 -29,8 220 (high)
10 "Mezhdunarodny Aeroport Novosibirsk" LLC
INN: 5448450682
229,5 305,9 33,3 295 (high)

Cumulative turnover of TOP-10 the largest airports at year-end 2012 reached more than 38,12 bln RUB, went up by 25,9% per annum. According to the independent estimation of financial standing of enterprises provided by the Information Agency Credinform, all organizations of the presented rating reached a high solvency index GLOBAS-i®, that can be considered as a possibility of all companies to pay off their debts in time and fully, while risk of default is minimal or low. From investment point of view the business cooperation with mentioned organizations looks attractive enough and points at a good situation in the air transportation industry in general. Any disastrous decline should not be expected in the nearest time: tourist flow is growing (both outside, and inside), personal incomes, although slowly, but are increasing, which means that a growing number of our citizens can afford travelling by the most convenient transportation vehicle – by aircraft.