Luxair's director Gilles Feith revealed while speaking to radio station 100,7 and to the German magazine Aero Telegrah that the company's operating loss in 2021 should be between €10m and €20m. A deficit covered by the dividend of about $35m paid by Cargolux to Luxair as a 35.1% shareholder.

The Luxembourg freight airline recorded a net profit after tax of €637m, with an operating margin of 31.3%. The other shareholders in Cargolux are HNCA (35%), Spuerkeess (10.90%), state-owned investment bank SNCI (10.67%) and the Luxembourg state (8.32%).

Investing in the future

The director of Luxair also explained that he wanted to renew part of the company's fleet for 2024 or 2025. The Luxembourg airline is currently preparing to gradually replace the Bombardier Dash 8. Feith said he was interested in used Boeing 737s, without ruling out the possibility of opting for the Airbus A220.

Despite the crisis, Luxair's director also plans to invest in new tools and new buildings to ensure the company's sustainability in the coming years.

Feith also talked about Luxair's position on “”, flying without passengers in order to keep slots. at strategic airports. Although Luxair has never flown empty for the time being, Feith was clear that the airline has “lost a lot of money because of European regulations that are sometimes useless”.

This story was first published in French on . It has been translated and edited for Delano.