Cargolux, Europe’s largest all-cargo carrier, posted its best ever October, with its fleet of 22 Boeing 747 freighters breaking records for tonnage, revenue and block hours.
Tonnage grew 6.7 percent and net revenue was up 9.9 percent from a year ago, making October the second-best month in the Luxembourg-based airline’s history after November 2013.
The carrier said it also achieved the highest daily utilization of all operators of the 747-8F at more than 16 hours a day through October.
The combined fleet of 11 747-8Fs and 11 747-400Fs operated 9,379 block hours during the month and flew 1,672 flights, including 362 from its Luxembourg hub, second only to the performance in November 2013.
Cargolux said it expects to “substantially” improve on the October results in November with more than 10,000 block hours flown in a single month for the first time ever, coupled with further increases in tonnage and revenue.
The airline made a net profit of $8.4 million in 2013 on revenue of $1.99 billion as traffic grew 16.7 percent to a record 753,848 metric tons.
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