Transatlantic air freight rates to soar as US imposes Europe travel ban

Transatlantic air freight rates are expected to soar, possibly overnight, following the US travel ban on mainland Europe, excluding – for now – the UK and Ireland.
Up to 80% of air freight capacity on the transatlantic could be cut as airlines ground passenger flights, with bellies normally taking the lion’s share of the capacity on the route.
“IAG, Air Canada, Virgin and Aer Lingus are all going to be very busy,” …

The post Transatlantic air freight rates to soar as US imposes Europe travel ban appeared first on The Loadstar.

Source: The Loadstar

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