News / Cargolux enjoys huge profit leap as ports slowdown and low fuel swell its coffers

Cargolux is celebrating a net profit for 2015 of $49m, up from $3m the year before. But it has warned that one-off boosts in 2015 from lower fuel prices and the US west coast port congestion mean it is unlikely to hit the same result this year.

“The west coast ports crisis made a big difference to us,” chief executive Dirk Reich told The Loadstar. “It was significant, but hard to put a number on.”

He added that while all the fuel ...