UPS to cut 20,000 jobs in network reconfiguration
And so it starts. UPS, while announcing a better-than-expected profit, also enthused investors with its ...
Cargolux has enjoyed anther year of record results, posting a profit after tax for 2022 of $1.6bn, up from $1.3bn in 2021. Revenues also hit a new high, of $5.1bn, up nearly 15%.
However, block hours fell 1.7%, aircraft utilisation was down 2.3% and load factors fell 3.6 percentage points to 69.2%
In an announcement typical of the cautious style of chief executive Richard Forson, the company said the result “allows the further strengthening of the group’s balance sheet to enable the ...
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