2023 reportCargolux made $286 million in profits last year

RTL Today
Cargolux has posted its result for 2023, reporting its highest ever-profits, with the exception of the pandemic years.
© Helder Loureiro Alves da Silva

https://download.rtl.lu/2024/04/24/79f87584f39ff35f41694543e27dfe7a.pdfOn Wednesday, Cargolux unveiled its latest report to the media, showing that the cargo airline had above all experienced an increase in freight relating to e-commerce.

The majority of Cargolux’s exports last year came from China, as the report cited fast-fashion retailer Shein as one of the major contributors for its cheap clothing and accessories.

Although 2023 saw Cargolux employees go on strike over wages in September, ensuring a number of flights were cancelled over several days, the firm’s finance director Maxim Strauss said this had not had a major impact. The costs relating to the labour protests were difficult to calculate, as the cancelled flights were rescheduled once the strike concluded.

PDF: Cargolux press release

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