Brussels Airlines — a Lufthansa Group airline — reported a record adjusted EBIT of €59 million in 2024, representing an 11% increase on 2023. The result came despite a “challenging start” to 2024, with its results falling short of initial projections.
The result comes despite operating 2% fewer flights in 2024, totalling 61,564 flights and capacity up only 1%. Passengers were up 1% to 8.4 million.
Brussels Airlines had been unable to secure a wet lease partner to expand capacity on its European network during the summer season. However, the company added an additional A330 to its fleet, allowing it to boost capacity on its intercontinental network.
The increased long-haul seat capacity, coupled with reliable operations — mostly on its short- and medium-haul flights — had allowed the company to improve its profitability in the year.
“We faced numerous challenges, particularly in the first half of the year, which prevented us from operating as planned," said the airline's CFO Nina Owerdieck. "However, the second half of 2024 was highly successful.”
The airline's revenues were flat at €1.5bn, while total operating income climbed only 1% to €1.62bn — surpassing operating expenses, which totalled €1.56bn, up 1%. Adjusted EBIT margin was up 0.4 percentage point to 3.8%.
Owerdieck added: “In 2025, demand remains strong, and we have ambitious growth plans for this year.”
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