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About Absolutely Crazy' Air Cargo Fees Highlight Supply-Chain Squeeze - Bloomberg
The urgent demand for medical equipment to fight the coronavirus has dramatically increased air cargo fees for chartered aircraft. Normally chartering a Boeing 747 or 777 from Hong Kong to Europe would cost $300,000, but fees have recently increased to between $600,000 to $800,000 as airlines use passenger aircraft to transport more cargo. The head of a logistics company called the current fees "absolutely crazy" and noted prices have never changed as quickly as they are now by the hour. An unprecedented drop in passenger air travel is prompting airlines to prioritize cargo transport for medicines and supplies to address disruptions caused by the global pandemic.
Detailed Information
| Author: | ['AvneeshÜbermenschBalyan'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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