Business: Good week - Bad week

By:  
-
Source:
This story is sourced from Flight International
Subscribe today »
Good week

emirates 777

 © Emirates
EMIRATES - The Dubai-based airline posted a Dh3.4 billion ($925 million) profit for the six months to the end of September, more than quadruple its result for the first half last year. Revenue was up 35% to Dh26.4 billion as passenger numbers rose 17% to 15.5 million for a passenger load factor of 81.2%. At the SkyCargo freight division, revenue was up 48%. Chairman Sheikh Ahmed bin Saeed Al-Maktoum describes the performance as "incredibly robust".

 


Bad week

cargolux

 © Cargolux
CARGOLUX - The freight carrier's chief executive Ulrich Ogiermann and senior vice-president for sales Robert van de Weg were indicted by a Miami grand jury, accused of conspiring to fix air freight charges. Cargolux had already admitted to the US justice department that it violated competition regulations relating to surcharges on air cargo shipments. Cargolux, one of several airlines investigated over the matter, agreed to pay $119 million in fines.