News / Air freight 'turned upside down' as capacity slumps and rates climb

© Andrew Angelov |

Air freight capacity has indeed shrunk, according to the first data following Russia’s invasion of Ukraine, and the consequent restrictions on Russian and other airlines. North East Asia – Europe capacity has shrunk by up to 22% in the last week, compared with the week before.

Load factors have risen 1.5% and are now at 84%, according to Clive Data Services, while – as expected – rates have risen.

Rates to Europe from Japan, where carriers are pulling capacity from Europe, have ...