Air cargo still flying high as capacity stays tight, but rates are slipping
It may be January, but faith in the air cargo sector continues to be high, ...
A modified Emirates 777
By Alex Lennane
Despite swiftly falling air freight rates and rising oil prices, Emirates is modifying 10 of its passenger 777-300ERs to fly cargo only.
They will offer capacity of 17 tonnes in the cabin and 40-50 tonnes in the bellyhold.
Taking some 640 hours to modify each aircraft, the carrier has removed 305 seats from seven, with three more to be ready by mid-July.
However, with rising fuel prices and falling air freight rates, the economics of operating passenger freighters is fast becoming less sustainable. ...
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