Coronavirus takes heavy toll: Brussels Airlines makes 182 million …


Due to the corona crisis, Brussels Airlines posted an adjusted operating result of EUR -182 million in the first half of 2020. The airline reports this on Thursday.

Brussels Airlines, like all other airlines, has been severely affected by the corona crisis. It canceled all its scheduled flights from March 21 to June 14. It only operated flights for repatriation and medical transport. As a result, Brussels Airlines transported 67 percent fewer passengers (1.6 million) during the first six months of this year.

In the first half of the year, turnover fell by 63 percent to 252 million euros. The operating result (EBIT) – the income before interest and tax – amounted to -211 million euros. Adjusted for the depreciation of EUR 29 million for ten aircraft, this represents a negative operating result of EUR 182 million.

“In response to the crisis, Brussels Airlines immediately took drastic measures, not only to reduce variable costs, but also to reduce fixed costs,” it said. This resulted in a 39 percent decrease in operating expenses to EUR 463 million.

Brussels Airlines restarted its flights on 15 June and will be gradually ramped up again “in line with market demand and taking into account constantly changing travel restrictions,” it sounds. Due to the uncertainty surrounding the corona crisis, society is not making any predictions for the rest of the year.


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