Global air cargo freight rates likely to go up

Responding to this, Russia has also banned flights from several European countries and has banned carriers from EU and UK from using its airspace. The move has resulted in difficulties for European flights flying to east Asian countries like Japan, Korea and China. Taking detours to reach these destinations is likely to increase the time and cost of flight operations.

AirBridgeCargo Airlines, the largest Russian cargo airline, has also been banned from Europe, causing air freight rates to increase further.

The suspension of services by airlines to east Asia is adding to the woes of the already strained global supply chain.

ALCHEMPro News Desk (KD)