Another profit increase for 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)