The Luxair Group achieved strong operating results in 2024 despite ongoing global challenges. With an operating profit of €10,5 million, the airline recorded its highest result in twenty years. Consolidated net profit amounted to €153,3 million, while the annual result of the core Luxair brand was €51,4 million, the company announced.
Although the Group's total revenue declined slightly to €801 million, primarily due to the spin-off of its cargo activities, the remaining business segments recorded growth of over nine percent. The passenger business performed particularly well, with the number of passengers increasing by 6,5 percent to more than 2,6 million. During the reporting year, Luxair also invested in modernizing its fleet with new aircraft, opened a new maintenance hangar, and expanded its route network.
However, Luxair expects a weaker result for the current year, 2025. The airline attributes this to high investments already made and planned, as well as preparations for the introduction of additional new aircraft into the fleet. Despite this expected short-term impact, the 2024 result underscores Luxair's operational strength in a continuing challenging market environment.