FREIGHTER operator cargolux saw revenues and profits improve last year but is cautious in its outlook for the remainder of 2025.
The company saw revenues in 2024 increase by 12.9 per cent year on year to US$3.3 billion while profits for the year improved by 56.6 per cent to $448 million.
The company said that it had benefited from growing e-commerce demand out of Asia Pacific, writes London's Air Cargo News.
'The global demand for e-commerce shipments led to a significant capacity shift to Asia and contributed to the strong volumes witnessed throughout the year,' the carrier said in a press release.
'This market segment re-shaped global demand, especially out of Northeast Asia, disrupting traditional seasonal trends and making them more difficult to forecast.
'In parallel, the record demand experienced for charter flights, including for e-commerce, was also a major contributor to 2024's results.
SeaNews Turkey
The company saw revenues in 2024 increase by 12.9 per cent year on year to US$3.3 billion while profits for the year improved by 56.6 per cent to $448 million.
The company said that it had benefited from growing e-commerce demand out of Asia Pacific, writes London's Air Cargo News.
'The global demand for e-commerce shipments led to a significant capacity shift to Asia and contributed to the strong volumes witnessed throughout the year,' the carrier said in a press release.
'This market segment re-shaped global demand, especially out of Northeast Asia, disrupting traditional seasonal trends and making them more difficult to forecast.
'In parallel, the record demand experienced for charter flights, including for e-commerce, was also a major contributor to 2024's results.
SeaNews Turkey
