Brussels Airlines cancels new long-haul jets amid 2026 loss

Brussels Airlines faces a challenging financial outlook, reporting an adjusted operational loss of 70 million euros in the first half of 2026. This figure represents a 50% increase in losses compared to the same period last year, primarily driven by soaring fuel costs. The airline attributes a significant portion of this increase to the conflict in the Middle East, which has driven up oil prices by 64 million euros compared to the first six months of 2025.

Despite a 9% rise in revenue to 821 million euros and an increase in passenger numbers and flights, the airline's financial performance has fallen short of expectations. "We have weathered some storms, but the summer is now crucial if we are to achieve positive results by the end of the year," said Chief Financial Officer Nina Öwerdieck. She added that with more flights than last year, stronger results should be achievable if operations continue without major disruptions.

In response to the weaker-than-expected financial figures, repeated strikes in Belgium, and the uncertain geopolitical climate, Brussels Airlines has adopted a cautious operational strategy. This includes canceling the planned addition of two Airbus A330 long-haul aircraft in 2027, keeping the long-haul fleet at its current 11 aircraft. The airline will also forgo wet-lease aircraft for the summer of 2027, meaning four Air Baltic planes operating from Brussels will not return next summer.

However, the airline is proceeding with a multi-million euro investment to upgrade its long-haul fleet's cabins. New cabin designs for Business Class, Premium Economy Class, and Economy Class are slated for introduction throughout 2027, signaling a continued commitment to passenger experience despite the financial headwinds.

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We have weathered some storms, but the summer is now crucial if we are to achieve positive results by the end of the year.