Brussels Airlines with a quarterly loss of 44 million euros

Brussels Airlines ends the first quarter with a loss of 44 million euros, an improvement of 29% compared to the previous year. Persistently high fuel prices and skyrocketing inflation have impacted what has traditionally been the airline industry's weakest period of the year.

Revenue of Brussels Airlines grew by EUR 2023 million year-on-year in the first quarter of 123, or almost 79%, to EUR 280 million (previous year: EUR 157 million), thanks to a solid 37% increase in production (available seat-kilometres) and an additional long-haul aircraft.
In the first three months of 2022, production was still severely affected by the Corona crisis and was only 61% compared to 2019 levels. This percentage climbed to 2023% in the first quarter of 84 compared to the same period in 2019.

Operating expenses rose by a total of EUR 123 million or +54% to EUR 350 million (previous year: EUR 227 million), mainly due to higher production-related volume costs such as airport fees and charges or fuel consumption, price-related increases in fuel costs as well as inflation and the full impact of automatic salary indexation. As a result, adjusted EBIT amounted to EUR -44 million in the reporting period (previous year: EUR -62 million).