Cargolux celebrates first 10,000t LUX-CGO
Barely five months after the start-up of airfreight services between its dual hubs of Luxembourg (LUX) and Zhengzhou (CGO), Cargolux celebrated the first 10,000 tonnes of freight carried between the two hubs.
December 15, 2014
Barely five months after the start-up of airfreight services between its dual hubs of Luxembourg (LUX) and Zhengzhou (CGO), Cargolux celebrated the first 10,000 tonnes of freight carried between the two hubs. The success of its dual hub strategy has helped Cargolux realise the best October results in its history with a record performance in tonnage, revenues and block hours. Compared to the same month in 2013, the airline saw actual tonnage grow by 6.7 per cent, while commercial net revenues rose by 9.9 per cent. Cargolux continues to achieve the highest daily utilization of all users of the B747-8F with over 16 hours per day in October. The airline’s combined fleet operated 9,379 block hours during the month and flew 1,672 flights on its worldwide network.
Cargolux inaugurated flights to Zhengzhou in June 2014 operating four weekly services with a fifth weekly flight introduced on 25 November. The route has shown very positive developments Cargolux said, adding that it plans to implement additional frequencies by the end of 2014. The airline intends to eventually grow this route to multiple daily services.
International Air Transport Association (IATA) statics show that Zhengzhou’s Xinzheng International Airport, CGO, is the fastest growing cargo airport worldwide while Luxembourg is the fastest growing cargo airport in Europe. With a population of 1.4 billion, China has become the world’s second largest economy after the US and is expected to become the largest economy in the world by 2024.