The third quarter was the most profitable quarter ever for Brussels Airlines. Adjusted operating profit (EBIT) increased by 21 million euros compared to the same period last year, to 72 million euros. The airline also expects record profits for the entire year.
Brussels Airlines transported a total of 2.4 million passengers on more than 17,000 flights between July and September, with an average load factor of 82.5 percent. The airline did face some challenges, such as the closure of the airspace above Niger, which cost it an estimated 4 million euros.
Nevertheless, “Brussels Airlines has been able to keep costs under control. The adjusted EBIT for the third quarter amounts to 72 million euros. This is an increase of 41 percent compared to last year’s summer, which was already a record summer for Brussels Airlines,” it said. in the press release.
The company expects that the whole of 2023 will also be a record year in financial terms and is aiming for a break-even result in the fourth quarter. The total capacity was still 15 percent below the pre-corona level last quarter. “Strong profitability will allow the Belgian airline to further close the gap,” it said. “In this context, there will be five brand new A320neo aircraft (the first of which was delivered on Wednesday/yesterday) and a tenth long-range aircraft.”
“I am very pleased that Brussels Airlines has achieved this historic turnaround. A profitable and strong Brussels Airlines allows us to invest in our network, the services for our customers and to be an attractive employer for our current and future employees” , says CEO Dorothea von Boxberg. “I am convinced that we have started our path to sustainable profitability.”
To achieve this growth, Brussels Airlines is looking for staff in all departments. There are currently 240 vacancies and the company wants to attract at least 360 more employees next year.