M&A speculation swirls as EV Cargo unveils 'robust financial position'
EV Cargo has published improved financial results – but has remained tight-lipped about increasingly loud ...
By Alex Lennane
News that Cargolux recorded yet another record profit, $1.6bn, must be devastating for AirBridgeCargo, once a key rival of the Luxembourg carrier.
The Russian carrier also announced its results this month, according to local media, but fared less well as 2022, when it made a loss of RUB13.5bn ($167m).
The year before, ABC made a profit of $670m with approximately half the fleet of Cargolux, which made a profit of $1.3bn in 2021.
ABC’s revenue last year fell 81%, to RUB35bn ($436m). But ...
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