Cargolux made a record-breaking profit in 2020: net profit after tax was $768.7m, nearly four times higher than its previous record in 2018, with revenues at $3.17bn.
The 50-year-old carrier has never had such a strong balance sheet – lined with cash.
But is the money burning a hole in its pocket?
“It’s all relative, the money,” laughs CEO Richard Forson. “It’s one year when we’ve made a significant profit. But this is …
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Source: The Loadstar
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