News / Air charter market 'screwed' after carriers 'splurged' on freighters

© Rattana Rueangha |

Amid a rapidly increasing glut of capacity in the market, forwarders and brokers are at odds over the costs of long-term charters.

One forwarder told The Loadstar he thought the charter market was “done”, after carriers began “splurging” money on freighters during Covid.

“Charter operators are screwed now because there’s this mix of spare capacity being dumped onto the market as passengers return and services to Russia remain barred,” the forwarder said.

“With the free cheap space available and economic conditions leading to ...