Cargolux finds the black in 2004

Cargolux posted a net profit of $83.5 million in 2004, up 18% on the prior year. Revenues increased 26.4% to $1.2 billion, passing the $1 billion mark for the first time in the company's history, and operating profit grew 24% to $80.7 million. The carrier's core business, the sale of lift and related transportation services, accounted for 98.4% of the total operating income and grew 26.3% during the year. Revenue from charter activities more than doubled. Operating expenses increased ...