Despite a difficult overall market situation, Cargolux Airlines said that it ended 2014 on a positive note. While the industry continued to suffer from overcapacity and noticeable pressure on yields, Cargolux benefited from a very strong last quarter in 2014. Combined with a rapidly declining oil price, the airline achieved record levels of block hours and tonnages while enjoying a welcome increase in yields. Cargolux ended the year with a profit of $3 million despite having to impair its B747-400 fleet by $40 million and providing for any potential anti-trust impact from the various legal actions that have been raised
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.