Brussels Airlines halved its annual losses in 2022

Brussels Airlines halved its annual losses in 2022
Credit: James Arthur Gekiere/Belga.

Brussels Airlines' financial results for 2022 indicated the company, with the airline having halved its losses from the previous year. The company recorded an operating loss of €75 million in 2022 compared to €189 million in 2021.

The Belgian airline also recorded a turnover of €1.2 billion in 2022, more than double the previous year's amount, as shown by parent company Lufthansa's annual financial report.

The German airline applauded Brussels Airlines' efforts to reduce its losses, even if it recorded an €89 million loss in the first half of 2022. Lufthansa's report also stated that this "will enable the company to prepare for future growth and strengthen its position in the market."

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An important factor in Brussels Airlines' improved results was the number of passengers it transported throughout the year. In total, 6.8 million travellers boarded their planes, more than double the number in 2021.

The Belgian airline also added 300 employees to its workforce and managed to pay back the Covid-19 emergency grant loaned to them by the Belgian Government. The airline will now aim to return to a balanced operating profit in 2023.

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