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Cargolux Airlines has proved its qualities once more in the extremely volatile environment of the international air cargo industry. In a year dominated for the major part by worryingly low yields, fierce competition and overcapacity, the airline experienced a robust fourth quarter, one of the strongest in many years. The net profit for 2016 totaled US$ 5.5 million while scheduled freight tonne kilometers grew by 10% versus a market growth of 3.8%. Its worldwide market share reached 3.9%. Cargolux moved up two places to the number six position in IATA’s Top 25 cargo carriers ranking for international scheduled FTKs; the highest position the airline has held during its history.
The extremely good peak season produced all-time record results for Cargolux. In November 2016...
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