Cargolux 2016 profit falls to $5.5 million

Credit: Rob Finlayson
Cargolux Group reported a 2016 net profit of $5.5 million, down 89% from net profit of $49 million in 2015. The Luxembourg-based cargo carrier said even though the year was dominated by low yields, fierce competition and overcapacity in the air cargo industry, it experienced a robust fourth quarter...

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