Shifting Economics: Air Cargo Grapples with High Fuel Costs and Congestion
The air cargo industry is facing a significant economic shift due to soaring jet fuel prices and widespread airport congestion. These factors are increasing operational costs for airlines and freight forwarders, leading to higher shipping rates for customers. The post-pandemic recovery of passenger flights is reintroducing belly cargo capacity, but this is offset by ground handling delays and labour shortages. Consequently, many in the logistics chain are re-evaluating their strategies and exploring alternatives like sea-air transport to mitigate delays and costs.
Official Source: https://aircargoweek.com/rising-jet-costs-and-congestion-recast-air-cargo-economics/
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