Cargolux cuts capacity, lifts profit
Cargolux yesterday reported a 2006 net profit of $82 million, up 6.5% over the previous year, on a 5% gain in revenue to $1.5 billion. Expenses rose 8.8% to $1.4 billion, driven by a 22% hike in fuel costs to $581.5 million. The all-cargo carrier said fuel now accounts for 40% of its costs...
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