“Brussels Airlines is not profitable enough” — Lufthansa Group
Brussels Airlines isn’t profitable enough, said the financial director of German parent company Lufthansa, Ulrik Svensson.
The Belgian airline is integrated into Eurowings Group, a low-cost subsidiary of the Lufthansa Group. The Eurowings Group as a whole registered a heavy net loss over the last fiscal year, though Brussels Airlines itself recorded a profit.
However, such profits were deemed to be “not enough” by Mr Svensson, who did not elaborate on any exact figures.
Eurowings’ losses last year were heavily affected by its recent integration with Air Berlin, which added 170 million euros worth of expenses to the first three fiscal quarters.
“We are working hard to make Brussels Airlines more profitable with Eurowings,” Mr Svensson continued. “We have taken many measures, some of which are identical to those we’ve decided for Eurowings.”