News / Record profits for Cargolux despite 'global softening in market demand'

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Cargolux enjoyed net profits after tax in 2018 of $211.2m – its best-ever result, despite only a 3% rise in block hours to 138,179.

Assuming the figures released in 2017 and 2018 are comparable, it meant a profit rise of 73%. 

While many airlines finished 2018 in a negative mode, after the highs of 2017, it was in fact a good year for the carriers, and volumes were far more stable throughout the year, a better outcome for their customers.  

Cargolux said it saw freight tonne ...