News / As rates fall and fuel costs rise, airlines without freighters are at a crossroads

© Tea

Air freight rates have plummeted again, according to the TAC Index, and as jet fuel prices rise and air cargo demand slackens, passenger-freighters are beginning to look less sustainable.

The TAC Index shows rates in the week ending June 29 fell 7% from China to Europe, with prices down 11% on Shanghai to Europe, at $3.29.

The decline was smaller to the US, with China to US down 2.4%, at $4.86. On the transatlantic, prices from Chicago to Europe fell more than ...