Cargolux, the Luxembourg-based all-cargo airline, reported strong financial results for the 2024 fiscal year, achieving $3.3 billion in revenue and a profit after tax of $448 million, up from $2.9 billion and $286 million in 2023. CEO Richard Forson attributed this success to the company’s agile business approach and commitment to service. Despite geopolitical tensions affecting global trade, increased demand for e-commerce shipments and charter flights contributed to the airline’s performance. However, challenges such as potential U.S. import tariffs and regulatory pressures on sustainability may impact future operations.

Source: https://www.stattimes.com/air-cargo/cargolux-generated-33-billion-revenue-448-million-pat-in-2024-1355067