AFLT on Moscow Exchange

Aeroflot

Logo: Aeroflot Russian Airlines, Public domain, via Wikimedia Commons3

National airline of Russia

PJSC Aeroflot – Russian Airlines (Russian: ПАО «Аэрофло́т — Росси́йские авиали́нии», PAO Aeroflot — Rossiyskiye avialinii), commonly known as Aeroflot (English: or ; Russian: Аэрофлот, transl. "air fleet", pronounced [ɐɛrɐˈfɫot]), is the flag carrier and the largest airline of Russia. Aeroflot is headquartered in the Central Administrative Okrug, Moscow, with its hub being Sheremetyevo International Airport.2 From Wikipedia, CC BY-SA 4.0

Last updated Oct 16, 2026.

Overview

Feb 3, 1923Founded1
  • TickerAFLT on Moscow Exchange1
  • Industryair cargo, air transport1
  • HeadquartersMoscow1
  • Founded inMoscow1
  • Websiteaeroflot.com
  • Legal formopen joint-stock company, public joint-stock company1
Aeroflot, VQ-BFY, Airbus A350-941 (51273117500)
Photo: Anna Zvereva, CC BY-SA 2.0, via Wikimedia Commons4

PJSC Aeroflot – Russian Airlines (Russian: ПАО «Аэрофло́т — Росси́йские авиали́нии», PAO Aeroflot — Rossiyskiye avialinii), commonly known as Aeroflot (English: or; Russian: Аэрофлот, transl. "air fleet", pronounced [ɐɛrɐˈfɫot]), is the flag carrier and the largest airline of Russia. Aeroflot is headquartered in the Central Administrative Okrug, Moscow, with its hub being Sheremetyevo International Airport. The Federal Agency for State Property Management, an agency of the Government of Russia, owns 73.77% of the company, with the rest of the shares being public float.2

How it started

Early history of Soviet civil aviation (1921–23)

On 17 January 1921, the Sovnarkom of the Russian Soviet Federative Socialist Republic published "About Air Transportation". The document signed by its chair Vladimir Lenin set out the basic regulations on air transport over the territory of the RSFSR. The document was significant as it was the first time that a Russian state had declared sovereignty over its airspace. In addition, the document defined rules for the operation of foreign aircraft over the Soviet Union's airspace and territory. After Lenin issued an order, a State Commission was formed on 31 January 1921 for the purpose of civil aviation planning in the Soviet Union.

As a result of the commission's plans, Glavvozdukhflot (Russian: Главвоздухфлот (Главное управление воздушного флота), Chief Administration of the Civil Air Fleet) was established, and it began mail and passenger flights on the Moscow-Oryol-Kursk-Kharkov route on 1 May 1921 using Sikorsky Ilya Muromets aircraft. This was followed by the formation of Deruluft in Berlin on 11 November 1921, as a joint venture between the Soviet Union and Germany. The company, whose aircraft were registered in both Germany and the Soviet Union, began operations on 1 May 1922 with a Fokker F.III flying between Königsberg and Moscow. The service was initially operated twice a week and restricted to the carriage of mail.

On 3 February 1923, Sovnarkom approved plans for the expansion of the Red Air Fleet, and it is this date which was officially recognised as the beginning of civil aviation in the Soviet Union. On 9 February 1923, the Council of Labour and Defence passed a resolution to create the Civil Air Fleet of the USSR. After a resolution of the Central Committee of the Communist Party of the Soviet Union, the Enterprise for Friends of the Air Fleet (ODVF) was founded on 8 March 1923.

Dobrolyot (1923–32)

In February and March 1923, resolutions of the Council of Labour and Defence and the Central Committee of the Communist Party of the Soviet Union created civil aviation services in the Soviet Union, including the formation of 3 airlines: Dobrolyot in March 1923, Ukrvozdukhput in April 1923, based in Kharkov, and Zakavia in May 1923, based in Tiflis. Dobrolyot was formed in imitation of the Russian Merchant Navy Volunteer Fleet, Dobroflot, formed in 1878. According to its charter, it was formed "for the development of the civil air fleet within the USSR by organizing air lines for the transportation of passengers, mail and cargo, aerial photography and other areas of air fleet application based on the domestic aviation industry". The idea to create the airline was of Leon Trotsky. The basic objectives were the organisation of airmail, cargo and passenger lines, aviation related solutions of national economic problems (for example, aerial photography of localities) and also the development of the domestic aircraft industry. Dobrolyot constructed airports and weather stations.

From Wikipedia’s article on Aeroflot, shared under CC BY-SA 4.0.2

Leadership

Who has led Aeroflot, and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Parent company

  • Government of Russia

Owners

  • Government of Russia

Subsidiaries

  • Aeroflot-Cargo
  • Aurora
  • Dobrolet Airlines
  • Donavia
  • Moscow Airways
  • Orenair
  • Pobeda
  • Rossiya
  • SAT Airlines
  • Saratov Airlines
  • Vladivostok Air

From Wikidata.1

Employees over time

  • 201930,3281

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Aeroflot revenue by year1902.3B RUB in 2025+48% since 2018
0250.0B RUB500.0B RUB750.0B RUB1.0T RUB2018: 611.6B RUB611.6B RUB20182019: 677.9B RUB677.9B RUB2019+11%2020: 302.2B RUB302.2B RUB2020−55%2021: 491.7B RUB491.7B RUB2021+63%2024: 856.8B RUB856.8B RUB2024+74%2025: 902.3B RUB902.3B RUB2025+5%
  • 2025902.3B RUB1
  • 2024856.8B RUB1
  • 2021491.7B RUB1
  • 2020302.2B RUB1
  • 2019677.9B RUB1
  • 2018611.6B RUB1

Net income

Aeroflot net income by year1105.5B RUB in 2025
-200.0B RUB-100.0B RUB0100.0B RUB200.0B RUB2018: -54.4B RUB-54.4B RUB20182019: 10.6B RUB10.6B RUB20192020: -123.2B RUB-123.2B RUB20202021: -34.5B RUB-34.5B RUB2021−72%2024: 55.0B RUB55.0B RUB20242025: 105.5B RUB105.5B RUB2025+92%
  • 2025105.5B RUB1
  • 202455.0B RUB1
  • 2021-34.5B RUB1
  • 2020-123.2B RUB1
  • 201910.6B RUB1
  • 2018-54.4B RUB1

Timeline

  1. Apr 8, 2022New chief executive Sergei Alexandrovsky becomes CEO1
  2. 2020New chief executive Mikhail Poluboyarinov becomes CEO1
  3. Feb 13, 2004Went public Listed on Moscow Exchange1
  4. Feb 3, 1923Founded Founded in Moscow1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4