News / Air freight rates almost back to pre-Covid levels as jet fuel price rises too

Air freight rates have sunk to mid-March levels, while jet fuel prices rose 7% last week, putting more doubt on the viability and demand for cargo-only passenger aircraft services.

The TAC index this morning shows air freight rates out of China, to both Europe and the US, sank nearly 10% in the week ending yesterday. But the biggest drops were out of Hong Kong, where prices fell 16% to the US, to $4.29, and 15% to Europe ($3.25).

The charts reveal air ...