Brussels Airlines closes challenging 2016 with a profit

Published on : Friday, March 17, 2017

Brussels Airlines logoBrussels Airlines’ financial results were largely influenced by the attacks that hit Brussels last year. Before 22 March, Brussels Airlines was heading for a record year and was registering strong growth.

 

Following the attacks, and the 12-day closure of Brussels Airport, however, there was a sharp decrease in the number of passengers – especially with regards to incoming business traffic (to Belgium). Yet, thanks to several commercial initiatives, Brussels Airlines managed to close the year with a passenger growth of 3.2% – a total of 7.7 million passengers took a Brussels Airlines flight. The seat load factor was just under 75% and the transported cargo volume grew by 6%.

 

 

The direct financial impact of the attacks amounted to more than 100 million euro. Only a portion thereof could be offset through compensations already granted by the insurance companies or estimated to be granted in the future.

 

 

Despite this major financial setback, Brussels Airlines continued with its planned investments. The intercontinental network expanded thanks to the successful launch of Toronto and the announcement of a Mumbai service for 2017, the European seat offer grew by 3 percent and the fleet renewal programme was further implemented. The planned investments for passenger comfort, including the introduction of the new long-haul travel class Economy Privilege, was launched.

 

 

Source:- Brussels Airlines

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