Air cargo still flying high as capacity stays tight, but rates are slipping
It may be January, but faith in the air cargo sector continues to be high, ...
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By Alex Lennane
Australian shippers are urging the government to extend subsidies for air cargo, noting the lack of capacity in the market. The International Freight Assistance Mechanism, which has received more than A$1bn (US$721.45m) since it was launched in April 2020 to subsidise air freight costs for shippers, is due to end in mid-2022. But shippers have pointed to capacity cuts by Qantas, Cathay Pacific and Virgin Australia, arguing the programme needs to be extended. Financial Review reports.
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