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In todays Annual General Meeting, the shareholders of Cargolux Airlines International S.A. approved the audited Financial Statements for the financial year ended December 31, 2011.
2011 HIGHLIGHTS:
- Company incurred a full year net loss of US$ 18.3 million compared to a US$ 59.8 million profit in 2010
- Revenues rose 8.4% to US$ 1,867.4 million compared to US$ 1,722.6 million in the prior year
Key Performance Indicators:
- Tonnes sold declined 3.6% to 658,800 compared to 683,380 in 2010
- Average load factor softened 2.5 percentage points to 70.8%
- Daily average aircraft utilization decreased by 1.9% to 15:28 block hours
- FTK decreased 4.6% from 5...
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