Last week’s suspension of flights by India’s Jet airways followed a lengthy deterioration of services and increasingly optimistic public statements, which has caught many shippers out, with consignments stranded at airports and cargo facilities around the world.
Lufthansa is the first airline to increase their rate, lifting them between 5% and 10%, with even higher increases expected.
The Asia peak season is expected to be the biggest for years, which will inevitably lead to congestion, delays and rate increases at the ports and airports. You need to act now to protect your supply chain performance.
Air freight space from Asia to the US and UK is contracting as operators avoid volcanic ash, resulting in flight disruption and cancellation.
European Union regulators are getting ready to fine airlines $850 million for operating a cargo cartel that had been rejected by an EU appeal court. And the Airlines’ failure to reach a settlement could cause cost them more.