LuxairGroup has posted a €12.5 million ($14 million) full-year net profit, up 32% year-over-year, but president and CEO Adrien Ney has warned of a “sharp decrease” for 2019 because the group faces “enormous pressure” in a complicated environment. “We managed to increase all our activities in 2018—whether it was in terms of passenger numbers, or tonnage handled—but operating growth and profitability no longer go hand in hand, due to a sharp rise ...

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