News / Cargolux chief Forson talks integrity, staff, the fleet and the bank balance

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 one of the most capital-intensive industries – that money is ...