Brussels Airlines
| T034 | KEY FIGURES BRUSSELS AIRLINES | |||
|---|---|---|---|---|
| 2024 | 2023 | Change in % |
||
| Revenue | €m | 1,544 | 1,537 | 0 |
| Operating income | €m | 1,623 | 1,604 | 1 |
| Operating expenses | €m | 1,564 | 1,551 | 1 |
| Adjusted EBITDA | €m | 177 | 154 | 15 |
| Adjusted EBIT | €m | 59 | 53 | 11 |
| EBIT | €m | 84 | 53 | 58 |
| Adjusted EBIT margin | % | 3.8 | 3.4 | 0.4 pts |
| Employees as of 31 Dec | number | 3,573 | 3,394 | 5 |
| Average number of employees | number | 3,549 | 3,366 | 5 |
| Number of flights | number | 61,564 | 62,786 | -2 |
| Passengers | thousands | 8,360 | 8,317 | 1 |
| Available seat-kilometres | millions | 18,332 | 18,118 | 1 |
| Revenue seat-kilometres | millions | 15,155 | 14,947 | 1 |
| Passenger load factor | % | 82.7 | 82.5 | 0.2 pts |
Brussels Airlines is Belgium’s national airline. From its hub in Brussels, the airline offers flights to destinations worldwide, with a focus on the sub-Saharan Africa region.
Brussels Airlines continues fleet modernisation and expansion
In the 2024 financial year, Brussels Airlines continued to modernise its fleet. The airline integrated three more A320neos into its fleet in the reporting year. The A320neo fleet now consists of five aircraft.
Following the integration of the tenth long-haul aircraft from the Airbus A330 family, the airline added Nairobi to its route network for sub-Saharan Africa in June 2024, increasing its total number of destinations to 18.
In addition, Brussels Airlines plans to expand its long-haul fleet significantly in the years ahead, adding three more Airbus A330s for a total of 13 aircraft. The airline will use the additional long-haul capacity primarily to strengthen its route network in sub-Saharan Africa. The aim is to develop Brussels as a European hub for flights to and from Africa. The airline also plans to introduce a new cabin layout to further improve the travel experience on long-haul flights.
The Brussels Airlines fleet consisted of 46 aircraft at the end of the reporting year.
Traffic was on par with the previous year
With 8.4 million passengers, Brussels Airlines carried 1% more customers in the reporting year than in the previous year (previous year: 8.3 million). Capacity was expanded by 1% year on year and was thus at 83% of its 2019 pre-crisis level. Sales also rose year on year by 1%. At 82.7%, the passenger load factor was 0.2 percentage points higher year-on-year (previous year: 82.5%). Yields increased by 1.7%. Traffic revenue picked up by 1% to EUR 1,476m (previous year: EUR 1,466m).
Revenue stable year-on-year, Adjusted EBIT sets new record at EUR 59m
Revenue at Brussels Airlines came to EUR 1,544m in the 2024 financial year and was at the same level as the year before (previous year: EUR 1,537m). Operating income climbed by 1% to EUR 1,623m (previous year: EUR 1,604m).
Operating expenses increased by 1% to EUR 1,564m (previous year: EUR 1,551m). The cost of materials and services was 2% lower than in the previous year, mainly as a result of lower fuel expenses (-12%). Staff costs were 10% higher than in the previous year.
Brussels Airlines reported record earnings again in financial year 2024, supported by non-recurring effects. Adjusted EBIT increased by 11% to EUR 59m (previous year: EUR 53m). The Adjusted EBIT margin improved by 0.4 percentage points to 3.8% (previous year: 3.4%). EBIT was up by 58% on the previous year at EUR 84m (previous year: EUR 53m). The difference compared with Adjusted EBIT is due primarily to book gains from the sale and leaseback of three Airbus A320neos.