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.
Comments
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.
