Saturday, September 14, 2024 Brussels Airlines , the Belgian home carrier, has reported a strong financial performance for the second quarter of 2024, despite facing various industry challenges. The airline achieved an adjusted EBIT of €11.6 million, a slight decrease from the previous year due to lower production.
However, Brussels Airlines remains optimistic about its overall profitability for the year, buoyed by a robust summer season and strategic growth initiatives. Financial Highlights: Adjusted EBIT: €11.6 million in the second quarter of 2024, down from the previous year.
Passenger Traffic: Transported 3.9 million passengers on close to 30,000 flights, with an average seat load factor of 82%. Fleet Expansion: Added an Airbus A330 to its long-haul fleet and introduced Nairobi as a new destination.
Challenges and Resilience : The lower production in the second quarter was primarily attributed to a worldwide shortage of spare parts and a shift of maintenance from winter to spring. Additionally, the airline’s inability to extend a partnership with a wet-lease operator resulted in fewer available seats. Despite these challenges, Brussels Airlines demonstrated its resilience through strategic planning and cost management.
The airline’s commitment to operational efficiency and its ability to adapt to changing market conditions have played a crucial role in maintaining profitability. Summer Season Success: The summer season proved to be a major driver of Brussels Airl.