Financial results 2006

During their last full year as commercially separate airlines, SN Brussels Airlines and Virgin Express generated a combined revenue of 892 million euro and posted a combined operating profit of 14, 5 million euro. The results are satisfactory given the strong increase in fuel prices and the highly competitive market environment.

Highlights of 2006

Combined figures SN Brussels Airlines and Virgin Express

SN Brussels Airlines and Virgin Express generated a combined revenue of 892 million euro. This is an increase of 5 % compared to 2005.

The airline activities resulted in a combined operating profit of 14, 5 million euro (12,9 million euro in 2005), representing a combined operating margin of only 1.6% 

The offered seat capacity increased with 3 % and the number of transported passengers grew with 5 % resulting in a loadfactor improvement of 1, 3 % points. The overall loadfactor was 66,4 %

The fuel costs increased with 22 % or 36, 5 mil euro.

Consolidated result SN Airholding

The 2006 consolidated net resultamounts to 14 million euro. 

On the 31st of December 2006 the Consolidated Net Equity was 89 million euro.


The passenger increase of the airlines outperformed the overall passenger growth rate of Brussels Airport.

SN Brussels Airlines and Virgin Express ended again in the top 3 of the official punctuality ranking of the Association of European Airlines.

The future strategy and the new airline model with a new brand, Brussels Airlines, was developed in course of the year and presented on the 7th of November 2006. 

The management thanks all clients for their trust during 2006 and all employees for their support and for the development of the new travel solutions b.flex and b.light that will be launched in 2007.  

Summer 2007 : Brussels Airlines takes off

Brussels Airlines takes off on the 25th of March 2007. The airline operates a fleet of 49 aircraft, connects its homebase at Brussels Airport with over 50 European destinations and operates direct services to Africa. Thanks to partnerships Brussels Airlines offers its clients also flights to the US, China and the Middle East.

Brussels Airlines puts two new generation travel solutions in the market : b.flex and b.light. b.flex has been developed for time sensitive passengers enjoying comfort and travel flexibility. b.light is the lowfare offer of Brussels Airlines with tickets from 49, 99 euro taxes included (one way). 

On the 22nd of April a new weekly service to Bujumbura (Burundi) will be inaugurated. An additional Airbus 330-300 aircraft will join the longhaul fleet later in the year.  

Krakow (Poland) and Cagliari (Sardegna, Italy) will be added to the European network.

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About Brussels Airlines

Brussels Airlines is the home carrier of Belgium and one of the four network airlines of the Lufthansa Group. It connects the European capital from Brussels Airport with over 85 destinations, 17 of which are in Sub Saharan Africa. The company employs more than 3,300 people and operates 43 aircraft.

Brussels Airlines aims to emit 50% less CO2 by 2030 compared to 2019 and plans to be carbon neutral by 2050. The airline is participating in the Stargate Project led by Brussels Airport and is therefore part of the testing ground for sustainable aviation at its home base. In addition, the airline signed the Circular Economy agreement of the Antwerp Management School in 2021. The airline was the first to transport Sustainable Aviation Fuel (SAF) through the CEPS-pipeline connecting Brussels Airport early 2023. By end 2024, Brussels Airlines will have welcomed five state-of-the-art Airbus A320neo allowing the airline to significantly lower its CO2- and noise-emissions on its medium-haul network.

As an ambassador of its country, Brussels Airlines brings the world to Belgium and the best of Belgium to the world, among others through collaborations with Belgian Star Chefs, Belgian culinary products and the Belgian Icons, specially painted aircraft that honour a Belgian iconic person, team or event to promote Belgian culture worldwide.

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About Star Alliance

The Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, worldwide recognition and seamless service. Since inception, it has offered the largest and most comprehensive airline network, with a focus on improving customer experience across the Alliance journey.

Overall, the Star Alliance network currently offers more than 10,000 daily flights to almost 1,200 airports in 184 countries.

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Contact Zone General Aviation - Airport Building 26 1831 Diegem

+32 2 723 89 90

[email protected]