A mature response

WE HAD a dig at Cargolux in our last issue, relaying information passed exclusively to my colleague Thelma Etim that all is not well at the now partly Chinese-owned all-cargo airline.
Expecting some sort of angry, waspish response, I was instead surprised and heartened by Cargolux’s positive attitude towards Thelma’s investigative research and our presentation of it.
There was no quibbling, no nit-picking, no hint of reprisals.
I’m even further pleased to report that Cargolux had a better year in 2013 than most expected, including its own board. Despite budgeting for a US$27.1m loss last year, the company earned a net profit of $8.4m, following a $35.1m loss in 2012.
Total revenues during the 12 months rose 14.4 per cent to $1,988.5m. Tonnes sold increased 16.7 per cent to 753,848. FTKs strengthened to 5.7 million compared with 4.8m in 2012.
Good news for Cargolux usually means good news for the air cargo industry.
Fingers crossed for 2014.
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