Page 36 - STAT May 2024 for Magzter

World
AIR CARGO

Cargolux records $286 million profit

despite challenging conditions

uxembourg-based all-cargo airline
LCargolux reported revenue of $2.975
billion and net profit of $286 million
for 2023 despite challenging market
conditions. With more than 85 offices
in over 50 countries and operating a
global trucking network to more than
250 destinations, along with over 50 years
of experience in the air cargo industry,
Cargolux currently operates a fleet of 30
Boeing 747-8 freighters and Boeing 747-
400 freighters. The first half of 2023 saw
the cyclical nature of the industry return
with levels well below pre-Covid times and
significant pressure on rates due to lower
demand levels compounded by increasing
levels of available belly capacity.

CMA CGM and CEVA Airbus betting big on India,

Logistics buckle up for the to have 5,000 employees

Paris 2024 Olympic Games in India by 2025

irbus is growing significantly in India, and the
Acompany does not necessarily think that putting
a commercial aircraft final
assembly line is the way to
deal with the situation.
“In terms of activity,
sourcing, teams, and
headcount over there, we'll
soon have 5,000 Airbus
employees in India. So, I
think it will be the case by
2025, roughly,” Guillaume
Faury, CEO, Airbus said while
addressing analysts after
the announcement
he CMA CGM Group, the official Organising Committee of the Paris of Q12024 results.
Tlogistics partner for the Paris 2024 Games. They are providing “We're also growing
2024 Games, is utilising the expertise various logistical transport the relationship we
of its 180,000 employees to tackle solutions for the event, including have with some
the significant task of organising freight services, international goods Indian partners as
the world's largest sporting event. transport, customs clearance, suppliers for our
Since February 2023, the Group storage, delivery, site logistics, IT, engineering,
and its subsidiary CEVA Logistics specialised freight handling, and IT production, a bit
have been closely working with the systems integration. across the board.”
34 | MAY 2024 www.stattimes.com