Jet Fuel Price Fears Subside, But Air Cargo Adapts to a New Era of Higher Costs
Concerns over volatile jet fuel prices have significantly receded as costs have stabilized and fallen from their 2022 peaks. However, this relief has not translated into a return to pre-pandemic operating expenses for the air cargo industry. Airlines and freight operators are now contending with a new baseline of elevated costs, driven by factors such as increased labor wages and higher ground handling fees. This structural shift means the air cargo sector is settling into a 'new normal' of permanently higher costs. Consequently, shippers should expect freight rates to remain above levels seen before the pandemic.
Official Source: https://theloadstar.com/jet-fuel-fears-recede-but-air-cargo-settles-into-a-higher-cost-era/
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