Brussels Airlines reports an improved Q1

Brussels Airlines has closed its first quarter with a loss of €44 million, an improvement of 29% compared to the previous year. The traditionally lowest performing period of the year in the aviation industry was this time impacted by continuously high fuel prices and the skyrocketing inflation, said the airline. Brussels Airlines’ revenue rose by nearly 79% year-on-year to €280 million in the first quarter of 2023 owing to a solid increase in production of 37% (Available Seat-Kilometres) and an additional long-haul aircraft. Operating expenses rose by 54% to €350 million principally due to higher production related volume costs such