US EditionGlobal air cargo rates soar as markets continue to adjust to Iran war
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Buenos Aires, 30 March (NA) - Latin American and Caribbean airlines recorded in February, an annual increase of 0.7% in the demand for air cargo, the lowest performance in all regions. The capacity offered in warehouse increased by 4.5% year-on-year, according to statistics provided today by the International Air Transport Association (IATA), to which the Argentine News Agency agreed. The total demand, measured in tons-kilometre cargo (CKT), gre…
Charter rates hit ‘Covid-era’ highs as war-driven disruption distorts air cargo
Air charter rates have surged to “Covid-era” levels as the Iran conflict triggers a sharp capacity squeeze and volatile fuel costs, with brokers warning the market is being pushed into unsustainable territory. “We’re in March. We’re not at a particularly cargo-heavy season right now,” said Dan Morgan-Evans, global cargo director at Air Charter Service (ACS). “Now prices are artificially being pushed up by fuel prices, but our demand is not [at]…
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