Fifteen years of Cargolux results reveal air cargo’s uneven new era
Here at The Loadstar, we’ve been watching Cargolux for well over a decade. It has had its ups and downs – from financial stress ...
By Alex Lennane
IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s overall €7.4bn full-year loss.
Passenger revenue dived 75%, from €22.4bn to €5.5bn, while it burned through €4.1bn in cash last year.
Its cargo division, as with other airlines, was the star of ...
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