Luxair, the flag carrier airline of Luxembourg, has published its Annual Report 2021; Luxair SA closed 2021 with an operating result of -€33.7 million and a net result of -€2.3 million, compared to an operating result of -€159.8 million and a net income of -€154.9 million in 2020. 

 At the consolidated level, the break-even point was reached and the net result was €0.

2021 proved to be yet another turbulent year for the airline, but this did not prevent Luxair from continuing to move forward and fly even more and to new destinations. The airline has described the past year as one characterised by "perseverance" and "ingenuity". In a context still marked by the effects of COVID-19, Luxair has continued its efforts to revive its activities and to reinvent itself with a single goal in mind: to offer its passengers and customers greater flexibility and maintain the high levels of excellence and quality on which the company's reputation is based.

Air cargo had a memorable year in 2021, when a record tonnage was reached for the first time in the Cargocenter's history. This milestone of one million tonnes of cargo handled has been attributed to the hard work and perseverance of Luxair's teams.

Luxair S.A. closed 2021 with an operating result of -€33.7 million and a net result of -€2.3 million, compared to an operating result of -€159.8 million and a net income of -€154.9 million in 2020. At the consolidated level, the break-even point was reached and the net result was 0 euros

Luxair Luxembourg Airlines

Last year, like 2020, was marked by heavy restrictions on air transport. However, Luxair's perseverance during 2021 has allowed the company's flight operations to experience a promising recovery. After a 71% drop in passenger traffic in 2020, a slight recovery started in 2021 with an increase of 29% to 516,807 passengers. 


In 2021, LuxairTours also took full advantage of Luxair's recovery with a 119% increase in passengers, significantly outperforming the European average, with 561,369 passengers. After a 66% drop last year, this strong increase allowed the tour operator to return to an annual volume only 20% below 2019. As such, August 2021 was close to 2019 levels and the months between September and December 2021 were above 2019 levels. In contrast, package tours, which experienced the largest decline in 2020 (-70%), were the main driver of growth in 2021 (+150%), owing to the reopening of many hotels and the services offered by LuxairTours, including PCR tests for entry into Luxembourg.


After a year 2020 marked by growth, but also by additional costs related to the first wave of the COVID-19 pandemic, LuxairCARGO experienced a year 2021 characterised by the highest tonnage in its history. Indeed, the volume of cargo has accelerated its increase from +6% in 2020 to +19% in 2021, allowing the company to exceed for the first time the one million tonnes mark and to reach an absolute record of 1,125,000 tonnes in November 2021. Despite the unfavourable context due to the COVID-19 situation, LuxairCARGO has demonstrated its capacity to be a major player in all forms of air transport exchange, by ensuring connectivity between Luxembourg, Europe and the world.


Despite a slowdown of its operations in 2020, LuxairServices saw a promising increase in its activities in 2021 with a better frequentation of Luxembourg Airport. In addition, Luxair Catering performed 1,302,350 services in 2021 compared to 881,641 in 2020 - an increase of 48% owing to the growth of Luxair flights and flights for companies transporting freight.

Luxembourg Airport will close the year 2021 with a total of slightly more than two million passengers, an increase of 41% - slightly better than the European average of +37%. The growth for Luxair passengers was much stronger than for passengers of third party airlines and as a result the turnover of third party airlines, which declined by 60% in 2020, only progressed by 6%.

Outlook for 2022

The mid-2022 financial year is still marked by the COVID-19 situation in all Luxair activities. However, for several weeks now, the airline has also been suffering from the fuel and energy price crisis currently affecting Europe.

Although operations have not yet returned to pre-COVID-19 levels, 2022 looks promising for Luxair, particularly for LuxairTours, which is seeing an increase in bookings. As such, the airline will reinstate Bordeaux to its flight schedule from 13 August 2022 with two direct flights per week, on Wednesdays and Saturdays.

In February 2022, Luxair also reaffirmed its commitment to decarbonising aviation by 2050. As such, Luxair plans to continue to make considerable efforts in this area in 2022 and the coming year to enable the company to operate and fly in a more responsible and environmentally friendly manner.

Despite the COVID-19 restrictions still in place, Luxair will expand its network of destinations. In mid-2022, the airline will add four more destinations than in 2021, bringing the number of destinations to 89 for the first time in its history.

The full 2021 Annual Report is available at