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 said in a statement. "The industry registered a decline in freight volume of well over 20% during the year compared to 2008. This led to. . .overcapacity with dire ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.