If Cargolux’s results are a bellwether for all cargo airlines, then there will be a lot of extremely happy freighter operators.
The Luxembourg carrier, which celebrated its 50th birthday last year, has announced record 2020 results: a net profit after tax of $768.7m – nearly four times its highest previous record of $211m, in 2018.
Revenues were $3.17bn, while its ebit margin was 31.3%.
The company noted, with some significant understatement: “Cargolux’s balance …
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Source: The Loadstar