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Another profit increase for Cargolux
Photo: Cargolux
For the second year running, Cargolux has registered an increase in net profit after tax while continuing its efforts to maintain an economically, socially and environmentally sustainable business.
Despite a global softening in market demand in the second half of 2018, a shorter peak period, uncertainty regarding potential trade wars, geopolitical unrest and Brexit, Cargolux achieved a consolidated net profit after tax of USD 211.2 million (2017: USD 122.3 million).
Increased demand for the airline’s transport solutions contributed positively to its yield quality. The Cargolux group produced 138,179 block hours (+3%) and a total of 8,409 ftk across its worldwide network while the available tonne kilometres grew to 12,375 million resulting in an overall load factor of 67.9% for the year. (ah)