The Cargolux Group (Cargolux) recorded a positive net result for the 2025 financial year despite a tense and volatile market.
Cargolux generated US$3.406 billion in revenues and US$465 million profit after tax the past year.
Europe's leading all-cargo airline said this financial result further strengthens the Group's Balance Sheet, bolstering its resilience in an increasingly uncertain global market situation.
The carrier's total sales reached 1.09 million metric tonnes.
"The past year marked a milestone for the airline as we celebrated 55 years of business in a demanding and highly complex industry. The results we achieved this year not only reflect the hard work delivered in 2025; they highlight the legacy of dedication to high standards and passion that are the core of Cargolux’s DNA," said Richard Forson, president & CEO of Cargolux.
Business highlights
Cargolux noted that in 2025, the air cargo industry navigated a challenging environment shaped by geopolitical tensions, trade wars, and airspace restrictions linked to conflicts in the Middle East and Ukraine.
While sustained ecommerce activity and niche segments supported demand, these volatile conditions placed increasing pressure on global logistics networks.
Cargolux said it leveraged its agility to adjust swiftly to fluctuating demand by optimizing its network, including charters, enabling the airline to deliver strong operational performance and positive financial results.
The year also highlighted both the industry's fragility and its adaptability amid shifting trade routes and geopolitical influences.
Cargolux ended the year in 10th position in IATA's top 20 cargo carriers by international scheduled freight tonne kilometers.
Outlook 2026
Cargolux said the pace of geopolitical and economic shifts is making it increasingly difficult for airlines to plan ahead.
"The environment is changing so quickly that providing a reliable outlook for the rest of 2026 is extremely challenging," the carrier noted.
The airline said as the past year has shown, forecasting in a highly volatile and globally interconnected industry remains challenging. Rapid geopolitical shifts and tariff threats can disrupt major air corridors, force rapid changes in trade routes and affect customer confidence.
The escalation in the conflict in the Middle East has already impacted operations, driving jet fuel prices to historic highs and raising the risk of potential fuel shortages.
The sustained growth of ecommerce volumes, which has been a key driver for air cargo, remains uncertain. In parallel, evolving geopolitical and regulatory developments, including tariff measures and handling fees on low value e-commerce parcels, are anticipated to weigh on international trade activity.
European carriers in particular are facing rising environmental, reporting, and compliance requirements. The airline stressed that authorities and industry stakeholders must acknowledge these mounting obligations to ensure a level playing field for EU operators competing globally.
Given the rapidly shifting global landscape, Cargolux said any forecast for the remainder of the year must be approached with caution.
"As the current global situation is highly volatile, making forecasts for the rest of the year is a challenging exercise. True to its legacy, Cargolux will continue to monitor developments, adapt to fluctuations, and draw on its resilience to continue delivering service excellence."
Cargolux operates a fleet of 30 Boeing 747-8 freighters and Boeing 747-400 freighters. As a future-geared airline, Cargolux also has 10 efficient Boeing 777-8F on order to replace its ageing 747-400 aircraft.
The Cargolux worldwide network covers over 50 destinations on scheduled all-cargo flights and offers full and part-charter services.
