Cargolux Adjust Fuel Surcharge

Luxembourg, December 5th 2003 - Cargolux reacts to the further fuel price increase and adapts its fuel surcharge on all cargo shipments.
Effective 19 December 2003, the current level of the fuel surcharge will be adjusted to € 0.15 per kilo, or its equivalent in local currency.
The new fuel surcharge is based on actual weight and will be implemented across the Cargolux network according to local legislation.
Cargolux is dedicated to providing a high quality air cargo service to its customers world-wide, but has to react to changing market conditions, such as higher fuel costs, which are a major part of the cost structure.