News / 'Excellent' 2016 result at Cargolux a team effort, says CEO Forson

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Cargolux has filed a full-year profit of $5.5m on revenues of $1.75bn following a strong fourth quarter, in which it flew 96,000 tonnes in November alone.

However, the profit was down 88% year-on-year – its 2015 results had received a boost from lower fuel prices and the US west coast port congestion. In 2014 it made a profit of $3m.

Last year, freight tonne kilometres grew 10%, against a market average of 3.8%, while Cargolux’s market share reached 3.9%.

The airline carried 964,131 tonnes in the year, up 8% ...