News / Europe's all-cargo airlines still struggling – even Cargolux falls below target for H1

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Europe’s all-cargo airlines are continuing to struggle, with even Cargolux admitting that revenues in the first half of the year have come in at $11m below target.

But in an interview with Luxembourg’s Wort.lu, CFO Richard Forson quashed rumours that the air cargo carrier had made losses of $31m in the first half.

However, the all-cargo airline confirmed that, although tonnage increased by 15% in the first half and turnover rose 4%, revenue had not reached target.

Cargolux expects business to pick up ...