For the 2d twelvemonth running , Cargolux has registered an increase in nett profit after revenue enhancement while go along its efforts to maintain an economically , socially , and environmentally sustainable business . Cargolux extend to consolidate its berth as one of the result lading toter in the industry .
The consolidated last profit after tax for 2018 amounted to 211.2 million USD , a meaning achievement compared to 2017 ’s gain of 122.3 million USD . Despite a worldwide softening in market demand in the 2nd one-half of 2018 , a shorter peak period compare to 2017 , uncertainty regarding potential craft wars , geopolitical unrest and Brexit , Cargolux negociate to improve on its performance compared to the previous year .
Increased demand for Cargolux ’s conveyance solutions contributed positively to the airline business ’s yield quality . The airway produced 138,179 block hour ; a 3 % rise equate to the previous yr . The Cargolux Group produced a totality of 8,409 FTKs across its world-wide connection while the usable t kilometers grew to 12,375 million resulting in an overall load factor of 67.9 % for the twelvemonth . The caller ’s high aircraft utilisation rate remain static in 2018 .
“ Cargolux achieve exceptional fiscal resultant in 2018 despite slower economical growth in the 2nd one-half of the year . Strong focus on the direction of our capacity and production , increase need for specialised shipments , a record yr for our charter division and the diversification into offering ACMI solutions all contributed to the performance achieve . Our employees demonstrated once again that hard work , dedication , and expertise are at the middle of our party ’s success and sustainability ” , enunciate Richard Forson , Cargolux President and CEO .
In 2018 , the airway continued its journeying of transmutation to enhance service while ensuring long - term sustainability and ontogenesis . One of the primary focal point was to undertake a complete IT inspection and repair to streamline processes , synergize teams internally , and raise customer experience . This project aligns with the company ’s lean & green philosophy and its flexible and adaptable business model . Complemented by the ongoing digitalization enterprisingness , this will enable Cargolux to stay at the forefront of the industry and keep providing calibre Robert William Service in a lean and efficient way .
Corporate Social ResponsibilityThe air hose cover its effort towards the establishment of a sustainable byplay in line with its commitment to the UN Global Compact and its circle of Sustainable Development Goals . The fuel efficiency and CO2 diminution process continue to yield positive event as the ship’s company hold explore new avenue to further cut down its carbon footprint . The airline has also embrace IATA ’s short- and long - terminus goals for airline to dilute CO2 emissions with the aim to finally reach carbon copy - neutral growth . Cargolux currently has 15 unlike fuel saving program in place to optimize its surgical process while abridge the negative environmental impingement .
Since the institution of the company ’s Fuel Efficiency Roundtable in 2016 , significant fuel saving have been achieved through a number of unexampled opening . In 2018 , these initiatives , implemented for both Cargolux and its foot soldier Cargolux Italia , yielded considerable resultant with 6,270 tonnes of fuel saved and 16,750 tonne less CO2 emissions , despite party growth .
In an endeavour to promote environmental awareness and best practice in the air cargo industriousness , Cargolux has also take a number of ethical measures . A number of controversial commodity such as Panthera leo ivory or search trophies have been banned from shipment across the company ’s internet . The airline sign the United for Wildlife International Taskforce on the Transportation of Illegal Wildlife Products to fight illegal fauna trafficking . An advocate for animate being welfare , Cargolux review each need for animal tape drive cautiously to ensure ethical practice session are upheld throughout the transportation Sir Ernst Boris Chain .
For more entropy : Cargoluxwww.cargolux.com
