2023, a year like no other

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In 2023, despite a difficult economic environment characterized by inflation and a significant rise in interest rates, the passenger aviation sector continued its recovery. The desire to travel, especially for leisure purposes, managed to counterbalance economic challenges, allowing Luxair to welcome even more passengers and to expand its offers.

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Amidst these challenges, in 2023, Luxair achieved a historic milestone by transporting over 2.5 million passengers, a 22% increase from the previous year, and surpassing pre-health crisis figures. This performance not only demonstrates Luxair's strong recovery and growth trajectory but also highlights the quality offered by Luxair as a full-service carrier, which has been well received among customers in Luxembourg and the Greater Region.

Expanding its destination network, Luxair significantly enhanced its route network in 2023, introducing new destinations such as Pescara, Ljubljana, Milan Linate, Praia and La Palma. These additions provided passengers with diverse travel options and unique experiences, catering to various needs, interests and preferences.

Furthermore, Luxair made significant strides in its fleet modernization efforts in 2023, and as a first step leased two Boeing 737-8 aircraft, whilst awaiting the arrival of its new aircraft. These aircraft not only improve operational efficiency, such as energy consumption, but also enhance the passenger experience with advanced amenities and features. Additionally, Luxair has placed in 2023 an order for 4 Embraer E2 as well as 8 Boeings B737 of the new generation, for which the delivery is expected from the end of 2025 on.

By investing in its fleet and expanding its route network, Luxair continues to reaffirm its commitment to excellence in aviation services, ensuring reliability, comfort, and satisfaction for passengers on their journeys. Luxair's achievements in 2023 reflect its resilience and dedication to providing exceptional service amidst challenging industry conditions.

The performance of Luxair's various activities led the group to achieve its second positive consolidated operating result in consecutive years. Indeed, the Luxair group closed 2023 with a consolidated operational profit of 6.7 million euros for the 2023 financial year against a consolidated operating profit of 1.5 million euros in 2022.

In appendix, the complete press release.

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