1 CFO of JSC «Aeroflot» Nikolay A. Kouznetsov October 2002 Results of activity of JSC «Aeroflot» for 9 months 2002

2 Target of the company for 2002 According to the programm of strategy development of the company, target of the company for the year 2002 is an increase of effectiveness of operational activities of JSC «Aeroflot», in particular, striving of achievment the level of the AEA companies The result of execution of this target - increase of operational margin of the company

3 Tasks of the company for 2002 Reduction of the operating costs owing to: end of utilization of non effective types of aircraft close of non profitable routs increase of flying time on the effective types of aircraft and as a result increase of specific gravity of such aircraft in company’s traffic

4 Tasks of the company for 2002 Increase of traffic revenues owing to: profitable European routs increase of income rates increase of commercial load factor increase of passenger load factor

5 Operating results We can see a reduction of operating values for 9 months of 2002 comparing with the same period of last year: Cargo reduced on 8,9% (from 1768,9 to 1611,8 million ton-km) Passenger turover reduced on 9,7% (from 15005,8 to 13551,4 million passenger-km) Passenger traffic reduced on 8,5% ( from 4624,5 to 4233,5 thousand passengers) Cargo and mail traffic increased on 3,5% (from 74370,2 up to 76995,3 tons)

6 Hours flight

7 End of utilization of non effective types of aircraft Hours flight of non effective aircraft (Il-62, Il-86, Il-76) reduced on hours (72,7%) Hours flight of non effective aircraft increased on hours (4,9%) Hours flight in general reduced on hours (11,9%) Share of traffic executed on such a types of aircraft as А-310, B- 767, B-737, B-777, Il-96, and DC-10 is: - in passenger turnover - 72,0% (in ,2%) - generally in ton-kilometers - 72,9% (in ,0%)

8 Operating costs and cost of 1 ton-km

9 Operating margin of 1 ton-km

10 The main factors of operating costs reduction

11 Increase of fuel effectiveness -30,2%-20,6% -12,9% -12,1%

12 Passenger traffic revenue

13 Revenue rates Revenue rate of 1passenger traffic (USD)Revenue rate of 1 pkm (cent USD) Revenue rate of 1 passenger traffic: totally increased on 6,6% on international routs increased on 7,3% on domestic routs increased on 5,7% Revenue rate of 1 pkm: totally increased on 8,2% on international routs increased on 9,0% on domestic routs increased on 3,9%

14 Commercial load factor

15 Passenger load factor Average load factor of the companies members of AEA compose 74,1%

16 9 months 2002 Operating activity result