Declining rates add to pressure on cargo-only PAX flights
By Damian Brett Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights. The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are far below the peak of $11.18 per kg recorded just five weeks ago, but remain 51% up on this time
MoreAssociation of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen
The Association of Asia Pacific Airlines released traffic figures for April 2020 that showed international air passenger markets were affected by the COVID-19 pandemic. By PLA Editor Alev Takil/Unsplash Preliminary April 2020 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger markets were battered by the effects of the COVID-19 pandemic. The
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