Cargolux posts record profits despite ‘global softening in market demand’

Carolux saw a 73% year-on-year increase in 2018 on its net profits after tax – coming in at $211.2 million, while its consolidated revenues at the airlines for the year increased by 16.4% year-on-year to $2.6 billion. The Luxembourg-based cargo airline said that it had achieved the result despite uncertainty regarding potential trade wars, geopolitical unrest and Brexit; with the carrier also acknowledging ‘global softening in market demand in the second half of 2018′. “Cargolux achieved exceptional financial results in 2018 despite slower economic growth in the second half of the year,” said Cargolux chief executive and president Richard Forson. “Strong focus on the management