After 2 years of exceptional growth, the industry once again entered turbulent times in 2019. On the eve of its 50th anniversary, in a challenging climate marked by a global economic slowdown, overcapacity and low yields, Cargolux still managed to outperform the industry average and close the year with a profit. The Cargolux Group (Cargolux) generated a positive net result of USD 20.2 million with an EBIT margin of 5.1% - despite unfavorable and volatile market conditions - a reflection of the company’s solid business strategy. At year-end, Cargolux’ Balance Sheet reflected stable financial ratios compared to the previous year and a further improvement in its cash position versus 2018.

Today marks a remarkable milestone for Cargolux as the all-cargo carrier celebrates its 50th anniversary. Exactly half a century ago, Luxembourg’s national carrier Luxair, Iceland's national carrier Loftleiðir, the Swedish shipping company Salén and some private investors, founded Cargolux. With a single aircraft and a handful of employees, these ambitious investors created what was to become one of the world’s leading all-cargo carriers. Since its inception, Cargolux has lived up to its now famous slogan ‘You name it, we fly it’ – the embodiment of the Cargolux spirit.