Cargolux's 2009 loss reflects last year's air cargo market decline

Cargolux reported a 2009 net loss of $153 million, nearly triple its $61 million deficit in 2008, with revenue dropping 34% to $1.3 billion as the global air cargo market contracted severely. "2009 was arguably the most difficult year in the history of airfreight," Europe's largest all-cargo airline...

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