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Emirates SkyCargo and Cargolux announce landmark cargo partnership agreement - Tuesday 09 May 2017
Emirates SkyCargo and Cargolux Airlines today signed a Memorandum of Understanding (MoU) for a strategic operational partnership in air cargo transportation. This unique and ground breaking agreement, the first of its kind in the air cargo industry between a mainline airline and a specialised freighter operator, will allow cooperation between two carriers with complementary strengths and shared values for customer service excellence. The agreement was signed at the Air Cargo Europe event in Munich, Germany in the presence of Mr Francois Bausch, Luxembourg’s Minister of Sustainable Development & Infrastructure.
Cargolux Group flies profitably through volatile 2016 - Wednesday 26 April 2017
Cargolux Airlines has proved its qualities once more in the extremely volatile environment of the international air cargo industry. In a year dominated for the major part by worryingly low yields, fierce competition and overcapacity, the airline experienced a robust fourth quarter, one of the strongest in many years. The net profit for 2016 totaled US$ 5.5 million while scheduled freight tonne kilometers grew by 10% versus a market growth of 3.8%. Its worldwide market share reached 3.9%. Cargolux moved up two places to the number six position in IATA’s Top 25 cargo carriers ranking for international scheduled FTKs; the highest position the airline has held during its history.
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