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LUXEMBOURG, GD: April 25, 2018. Cargolux says it had its “best year in history” last year with a net profit of US$122.3 million – up from US$5.5 million the previous year.

The airline exceeded one million chargeable tonnes flown and claims a worldwide market share of 4.0 percent as the “sixth largest airline in respect of international scheduled freight operations”.

Due to the exceptional demand for airfreight capacity in 2017, the airline generated a record 131,212 block hours, a 7.0 percent increase year-on-year, and an average aircraft utilization over 15 hours a day.

Cargolux picture “The outstanding results for 2017 are a reflection of Cargolux’ employees’ dedication, passion and commitment to make this year a successful one on all fronts”, said Cargolux president and CEO Richard Forson. “Our employees are at the heart of Cargolux’ success and continually endeavour to ensure all requirements are met to provide customer satisfaction and ensure business sustainability. At the same time, I would also like to thank all of our loyal customers for their support,” he added.

The airline operates between 19 and 25 weekly flights to mainland China depending on the season and last year carried over 250,000 tonnes to and from the country, including 147,000 tonnes between its Zhengzhou hub and Luxembourg.

Cargolux launched its ‘2025 Strategy’ in 2017 in a bid to remain a “sustainable, relevant and competitive provider of quality services” with a review of all business processes, technological developments and innovation.

As a signatory of the UN Global Compact, the airline applies its sustainability principles that include reducing noise and CO2 emissions. Last year this totalled 2.2 percent – above the IATA goal of 1.5 percent per annum to 2020.

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