Strong 2023: Brussels Airlines Boosts First Half Revenue By 56%

Brussels Airlines of the Lufthansa Group is on the upswing halfway thru 2023. Although the airline did not enter the black after earnings before interest and taxes (EBIT), Brussels Airlines voiced confidence about the future with an 87% improvement in returns quarter to quarter. For Brussels Airlines’ CFO Nina Oewerdieck, “The results of our first semester of 2023 are completely in line with our expectations. In 2022, we communicated historically high third trimester results. This year, I am proud to see that we already delivered a record in the second quarter. This inspires us great confidence to reach solid black results for the entire year of 2023.” Indeed, the great confidence could be well placed. First, the first half of 2023 versus 2022 in euros has E705m versus E452m total in revenue. Additionally, there was E261m or 54% growth in total operating income to E744m versus 2022. Additionally, the earnings before interest and taxes (EBIT) has gone from -E89m to -E13m – almost in the black. Story has more.<br/>