Five-year-old AirBridge Cargo struggles with costs, finds profitability elusive
AirBridge Cargo, the scheduled 747F airline owned by Volga-Dnepr Group, said it likely will not achieve profitability this year despite a more-than-doubling of first-half 2008 revenue to $210 million from $96 million in the year-ago period. The carrier was launched in 2003 with the primary aim of...
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