Transatlantic capacity is returning to the air cargo market as airlines ramp up their summer schedules to meet rebounding passenger demand
Below article from Supplychaindive.com
The added capacity across the Atlantic Ocean is a welcome relief for air cargo shippers. More flights have helped cool off Transatlantic airfreight rates that have been elevated since the COVID-19 pandemic cratered travel demand and reduced belly capacity on passenger airlines.
“In the last week of May 2022, rates from Europe to North America showed negative year-over-year growth for the first time in two years,” according to Clive’s news release.
U.S. passenger airlines signaled last year they would increase this summer’s Transatlantic flight activity as COVID-19 travel restrictions eased. Executives have since touted high demand for flights between Europe and North America.
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