Aircraft
Brussels Airlines Prepares 'Reboot' Restructuring Program
The Belgian subsidiary of Lufthansa group targets an 8 percent operating profit margin by 2022.

Brussels Airlines aims to reduce costs by 8 to 12 percent to achieve an operating margin (EBIT) of 8 percent in 2022. CEO Christina Foester said that's the level of profitability the company needs to finance its own investments. “We need a margin of 8 percent to self-finance our current and planned investments in fleet renewal, network expansion, and people development” according to an internal communication from management to staff that was leaked by two Belgian newspapers, L'Echo and De Tijd, on Thursday. Although the memo does not mention any concrete measures, such as possible job losses, it points out that the cost savings may be even higher depending the inflation or falling yields. Also, rising fuel prices may require additional measures.


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