LuxairGroup reports results turnaround in 2013

LuxairGroup revenue up 6% - financial highlights for 2013:

• Revenue: EUR471.6 million, +5.6% year-on-year;
• EBIT (loss): EUR1.9 million, compared to a loss of EUR16.8 million in p-c-p;
• • Luxair Luxembourg Airlines: (EUR12.0 million), compared to a loss of EUR19.4 million in p-c-p;
  • LuxairTours: EUR9.4 million, +119%;
  • LuxairCargo: EUR1.7 million, compared to a loss of EUR3.4 million in p-c-p;
  • LuxairServices: EUR2.8 million, +55.6%;
• Net profit: EUR1.9 million, compared to a loss of EUR10.5 million in p-c-p;
• Passenger numbers: 1.5 million, +9.5%;
• • Luxair Luxembourg Airlines: 912,213, +13.4%;
• Passenger load factor: 75.3%, +1.9 ppt;
• Cargo volume: 693,000 tons, +8.6%. [more - original PR]

LuxairGroup: "Except for a slight economic recovery, three elements were essential to recover operational break-even after having experienced a 18 million Euro loss in 2012: the fact that the Airline was able to reduce its financial losses beyond expectation; LuxairCARGO's return to profitability, merit of Cargolux's unexpected positive performance; and the best ever result of LuxairTours." Source: Company statement, 19-May-2014.