|
In today’s annual general meeting, the shareholders of Cargolux Airlines International S.A. approved the audited financial statements for the financial year ended December 31, 2014.
Despite a difficult overall market situation, Cargolux Airlines International S.A. ended 2014 on a positive note. While the industry continued to suffer from overcapacity and noticeable pressure on yields, Cargolux benefited from a very strong last quarter in 2014. Combined with a rapidly declining oil price, the airline achieved record levels of block hours and tonnages while enjoying a welcome increase in yields.
This enabled Cargolux to complete the year with a profit of US$ 3 million despite having to impair its B747-400 fleet by US$ 40 million and providing for any...
|