Luxemburg-based Cargolux has reported a 2014 profit of $3 million, down 64% from $8.4 million in 2013, despite a $40 million impairment on its Boeing 747-400F fleet and a provision for any potential anti-trust impact. “While the industry continued to suffer from overcapacity and noticeable pressure on yields, Cargolux benefited from a very strong last quarter in 2014,” it said in a statement. “Combined with a rapidly declining oil price, the airline achieved record levels ...

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