Welcome to the world of Cargolux

Introducing Cargolux

Cargolux is one of the leading cargo airlines worldwide, operating scheduled and charter services on a network covering all continents. The company offers over 35 years of experience and, today, ranks in 10th position worldwide, measured in tonne-kilometers flown. At European level Cargolux is currently the largest all-cargo airline.

Cargolux is an integrated transportation company, operating exclusively for freight forwarders. We use a fleet of 15 B747-400F pure freighter aircraft and 20 trucking contractors to move valuable and time-sensitive commodities on our worldwide network, covering over 90 destinations.

Our network links many of the world’s most important production centers of industrial, automotive and consumer goods through our hub in Luxembourg. We also specialize in the transportation of outsize shipments, perishable goods and live animals.

Flexibility is one of Cargolux’s strongest assets, and Cargolux successfully builds on long-term cooperation with its customers and well as other airlines on key markets. “At Cargolux, we continue to adapt our structures to grow in line with the global air freight market”, says Cargolux President and CEO, Ulrich Ogiermann. “We continue to accompany our customers on potential growth markets and reinforce our position at the crossroads of the major trade flows worldwide”.

Cargolux is a privately owned airline that has managed to remain profitable and to continue growing even in difficult economic times. Its shareholders are Luxair (34,9%), SAir Logistics (33,7%), Luxembourg financial institutions (31.1%) and a few independent shareholders (0,3%).

In 2006, Cargolux achieved a total consolidated income amounting to US$ 1.55 billion and a profit of US$ 82.6 million. Tonnes carried in the year 2006 were 650,947 tonnes, Tonne-kilometers flown (FTKs) amounted to 5,271 million. Shareholders’ equity increased from USD 462.7 million in 2004 to USD 531.7 million in 2006. The company’s financial gearing improved significantly to 61.2% (versus 79.7% in 2005).

Cargolux is constantly adapting its network to changing market demand and trade flows. New destinations recently added to its network are Chicago (USA), Amman (Jordan), Petrolina (Brazil), Doha (Qatar) and Dammam (Saudi Arabia). At the same time, frequencies to other destinations were increased, notably to Chinese and Middle Eastern destinations.

The Cargolux fleet consists of 15 B747-400F freighters. One additional new B747-400F freighter has been ordered and will be delivered in 2008.

On 15 November 2005, Boeing announced the launch of a new aircraft, the Boeing B747-8, which features reduced fuel burn as well as lower noise and atmospheric emissions. Cargolux is one of the two launch customers for this next generation aircraft, with a firm order for 13 aircraft and purchase rights for an additional 10 units of the new B747-8F freighter. The first 747-8F will join the Cargolux fleet in the second half of 2009.