News / Softening air cargo charter market may see carriers 'flexing down' networks

Pierre Van Der Stichele

Air cargo charter demand has softened over the past month, bringing down rates, while the weaker market in the broader sector has led to some carriers considering capacity cuts, according to a senior industry source.

Pierre Van Der Stichele, VP global freight at air charter broker Air Partner, told The Loadstar: ”This started to be quite noticeable at the start of September amid speculation about what the peak season would look like this year.

“Some carriers and forwarders were forecasting a strong peak, ...