Lufthansa's Brussels Airlines set to cut costs by 10-15%
Brussels Airlines plans to cut its costs by between 10 and 15% in the coming years in order to remain competitive with low-cost rivals, its CE told Belgian daily De Tijd. The Belgian carrier, which Lufthansa took full control of in December 2016, has already reduced costs by 15% in the past three years through savings on staff and more efficient baggage and catering operations. Bernard Gustin told De Tijd in an interview published on Saturday that cost-cutting had to continue. Passengers would pay a little more to travel with Brussels Airlines compared with a low-cost carrier, but that premium had to be kept to a minimum. "We need to bring our costs down by at least 10-15%. This year already they have fallen by 5%," he said. Brussels Airlines expects to carry a record 9m passengers in 2017 and Gustin said he was targeting an increase to 10m in 2018.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-01-01/star/lufthansas-brussels-airlines-set-to-cut-costs-by-10-15
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Lufthansa's Brussels Airlines set to cut costs by 10-15%
Brussels Airlines plans to cut its costs by between 10 and 15% in the coming years in order to remain competitive with low-cost rivals, its CE told Belgian daily De Tijd. The Belgian carrier, which Lufthansa took full control of in December 2016, has already reduced costs by 15% in the past three years through savings on staff and more efficient baggage and catering operations. Bernard Gustin told De Tijd in an interview published on Saturday that cost-cutting had to continue. Passengers would pay a little more to travel with Brussels Airlines compared with a low-cost carrier, but that premium had to be kept to a minimum. "We need to bring our costs down by at least 10-15%. This year already they have fallen by 5%," he said. Brussels Airlines expects to carry a record 9m passengers in 2017 and Gustin said he was targeting an increase to 10m in 2018.<br/>
