(MENAFN) Brussels Airlines has experienced growing strain on its financial performance in the first quarter of 2026, as elevated fuel expenses driven by geopolitical tensions in the Middle East negatively affected results, according to company data published on Wednesday.
The carrier reported an adjusted operating loss (EBIT) of €55 million ($64 million), marking a slight deterioration compared with the €53 million loss recorded during the same quarter last year. The airline explained that its performance was influenced by “geopolitical developments in March,” which contributed to higher fuel prices.
Fuel expenditure per available seat-kilometer increased by roughly 14% compared with the previous year. The airline noted that part of this rise was offset through hedging measures implemented within the Lufthansa Group. It further stated that “The Lufthansa Group fuel hedging strategy partially mitigated the impact, making it less severe than for other carriers,” helping to cushion the overall effect on costs.
Looking forward, the airline indicated it would refrain from providing forecasts for the summer season due to continued uncertainty in the market. Nevertheless, it anticipates increasing capacity across its European network, supported by weaker demand for routes to the Middle East and the earlier-than-planned introduction of Airbus A320neo aircraft.
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