– In ongoing difficult market conditions, SN Brussels Airlines has concluded the third quarter with a net profit of Euro 5 million. “Flexibility and extreme vigilance on costs is more than ever needed”, comments Chief Executive Officer Peter Davies.
Total revenues of the 3rd quarter (period July-September 2004) increased by almost 4 percent to Euro 159,92 million. SN Brussels Airlines achieved an operating result of Euro 3,28 million and a net result of euro 5 million compared to a net profit of Euro 2 million for the 3rd quarter of 2003.
If we compare the year to date net results of 2004 with the same period in 2003, SN has made a huge turnaround in operational and net result of Euro 28 million.
These positive figures are the result of a higher load factor, an optimisation of the capacity and of continuous cost saving programmes.
876.636 passengers were welcomed on the scheduled services. This is an increase with 54.288 passengers compared to last year. The load factor increased with 3,5 pct. points to 69,4 pct.
To bad for SN that the pilots did a strike on friday. But i really hope they will continue this way and make profit. It is nice to see a Belgian carrier is doing well!
waldova wrote:To bad for SN that the pilots did a strike on friday. But i really hope they will continue this way and make profit. It is nice to see a Belgian carrier is doing well!
I wonder how long it will be until the government mess it up for them .
Well done though on good results in a difficult market using inefficient and slow planes .
pressman wrote:I wonder how long it will be until the government mess it up for them.
Why should they? SN BA is a private company. The only government ownership is through BIAC (which is also being privatised), and only for a very small amount of the capital.
