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. In November 2016 alone, the airline said it registered over 12,000 block hours flown and in excess of 96,000 tons sold. During that month, the airline said it also achieved a near record-high ...

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