SN Virtual Airlines Group

SN Brussels Airlines reports quarterly profit
Posted by Kenny Moens (SAB94K) @ 08/09/2003
SN Brussels Airlines made a net profit in the second quarter of 2,9 million Euro. The young airline that connects Brussels with Europe, Africa and the States launches tomorrow an innovative advertising campaign. Positive Progress During the second quarter of the financial year (period April-June), SN Brussels Airlines realised a turnover of 128,1 million Euro and made a net profit of 2,9 million Euro. “These results are a clear illustration of the positive progress we register since spring”, says Executive Chairman Rob Kuijpers. The load factor of the fleet (38 aircraft) was 67,5 pct. in July and 69,7 pct. in August. This is a significant increase compared to 2002 when SN Brussels Airlines registered a load factor of 58,5 pct. in July and of 57,9 pct. in August. With these encouraging figures, SN Brussels Airlines is clearly doing better than the European Aviation market. New commercial initiatives More and more passengers appreciate the service, the free of charge food and drinks and the extensive flight offer of SN Brussels Airlines. Also the code share deal with American Airlines, launched last spring, is becoming successful. The new department Corporate Accounts, created to develop partnerships with corporate clients, has signed deals with major multinationals. Another explanation of the passenger growth is the new commercial approach. The recently launched ‘Value for money’ weekend trips and very competitive Best Buy Offers clearly attract new clients who travel for leisure. “We are especially satisfied with the very strong results on our African Network”, says Chief Executive Officer Peter Davies.“ The flights we currently offer to twelve African destinations were during the past summer months more popular than expected. On our Africa flights we registered in August a load factor of more than 81 pct.” Source: www.flysn.be

SN Brussels Airlines reports quarterly profit

Posted by Kenny Moens (SAB94K) @ 08/09/2003

SN Brussels Airlines made a net profit in the second quarter of 2,9 million Euro. The young airline that connects Brussels with Europe, Africa and the States launches tomorrow an innovative advertising campaign.

Positive Progress
During the second quarter of the financial year (period April-June), SN Brussels Airlines realised a turnover of 128,1 million Euro and made a net profit of 2,9 million Euro. “These results are a clear illustration of the positive progress we register since spring”, says Executive Chairman Rob Kuijpers.

The load factor of the fleet (38 aircraft) was 67,5 pct. in July and 69,7 pct. in August. This is a significant increase compared to 2002 when SN Brussels Airlines registered a load factor of 58,5 pct. in July and of 57,9 pct. in August. With these encouraging figures, SN Brussels Airlines is clearly doing better than the European Aviation market.

New commercial initiatives
More and more passengers appreciate the service, the free of charge food and drinks and the extensive flight offer of SN Brussels Airlines. Also the code share deal with American Airlines, launched last spring, is becoming successful. The new department Corporate Accounts, created to develop partnerships with corporate clients, has signed deals with major multinationals. Another explanation of the passenger growth is the new commercial approach. The recently launched ‘Value for money’ weekend trips and very competitive Best Buy Offers clearly attract new clients who travel for leisure.

“We are especially satisfied with the very strong results on our African Network”, says Chief Executive Officer Peter Davies.“ The flights we currently offer to twelve African destinations were during the past summer months more popular than expected. On our Africa flights we registered in August a load factor of more than 81 pct.”

Source: www.flysn.be

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