News / Praise for 'dedicated' Cargolux staff as carrier profits hit new heights

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Cargolux’s highly fluctuating full-year results took a turn for the better today when it announced a massive 2,123% rise in net profit for 2017, to $122.3m.

Calling last year “exceptional”, the carrier added that freight tonne km (FTKs) increased by 12.3%. It was the freighter operator’s best ever result.

Load factors reached more than 70% and the carrier said it flew more than 1m chargeable tonnes, claiming its marketshare edged up to 4%, maintaining its position as sixth-largest international scheduled ...