Record profitsCargolux reaches new high in 2018 with profits of $211 million

RTL Today
Cargolux's profits rose to $211.2 million in 2018, significantly more than the previous year ($122.3 million).

The airline highlighted its achievements despite both a “global softening in demand” and uncertainty relating to global trade wars, Brexit, and geopolitical unrest.

© Cargolux

Cargolux CEO and President Richard Forson said: “Cargolux achieved exceptional financial results in 2018 despite slower economic growth in the second half of the year. Strong focus on the management of our capacity and yields, increased demand for specialised shipments, a record year for our charter division and the diversification into offering ACMI solutions all contributed to the performance achieved. Our employees demonstrated once again that hard work, dedication, and expertise are at the heart of our company’s success and sustainability.”

Cargolux press release (English)

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