Brussels Airlines reverses losses, posts US$45.1m 2015 net profit
Brussels Airlines reported a 2015 net profit of E41.3m (US$45.1m), reversing a E4.2m net loss from 2014. The net result follows a deduction of E5m, which the company reportedly redistributed to personnel. “Thanks to the commercial success, the repositioning in the market and ongoing cost control … our efforts to make Brussels Airlines an attractive, dynamic and competitive airline has paid off in the past year," CE Bernard Gustin said. The full-year results were released March 17, several days ahead of the latest terror attacks in Brussels including Brussels Airport. Full-year turnover increased to E1.27b, up 6.9% year-over-year (YOY). Higher turnover, together with significant cost reduction in 2015, resulted in an operating profit of E43.1m, a reversal from 2014’s full-year operating loss of E9m. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-23/star/brussels-airlines-reverses-losses-posts-us-45-1m-2015-net-profit
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Brussels Airlines reverses losses, posts US$45.1m 2015 net profit
Brussels Airlines reported a 2015 net profit of E41.3m (US$45.1m), reversing a E4.2m net loss from 2014. The net result follows a deduction of E5m, which the company reportedly redistributed to personnel. “Thanks to the commercial success, the repositioning in the market and ongoing cost control … our efforts to make Brussels Airlines an attractive, dynamic and competitive airline has paid off in the past year," CE Bernard Gustin said. The full-year results were released March 17, several days ahead of the latest terror attacks in Brussels including Brussels Airport. Full-year turnover increased to E1.27b, up 6.9% year-over-year (YOY). Higher turnover, together with significant cost reduction in 2015, resulted in an operating profit of E43.1m, a reversal from 2014’s full-year operating loss of E9m. <br/>
