|
The Cargolux Group (Cargolux) generated a positive net result for its 2023 financial year despite challenging market conditions, a reflection of the company's agility in changing market conditions. Cargolux generated:
- Revenues of US$ 2,975 million.
- Profit After Tax of US$ 286 million.
This financial result allows the further strengthening of the group's Balance Sheet to enable the airline to remain resilient in weathering the expected volatility in the industry.
Business highlights
The first half of 2023 saw the cyclical nature of the industry return with levels well below pre-Covid times and significant pressure on rates due to lower demand levels compounded by increasing levels of available...
|