News / Cargolux on course for another record-breaking profit, despite slowdown in growth

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Cargolux, which last year boasted a 2,123% rise in profits to $122.3m, is set to beat that record, with its 2018 full-year results.

Richard Forson, CEO, confirmed to The Loadstar this week that the freighter operator would see record profits.

“2018 profits will be higher,” he said. “There will be an improvement.”

The carrier is also building cash reserves in a bid to ensure stability in the event of any recession or downturn, which analysts are starting to predict could happen in 2020.

Cargolux’s fortunes ...