{"id":358290,"date":"2020-06-20T10:02:32","date_gmt":"2020-06-20T04:32:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358290"},"modified":"2020-06-20T10:05:45","modified_gmt":"2020-06-20T04:35:45","slug":"air-freight-rates-return-to-earth-as-virus-driven-boom-cools-airlines-fret","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-freight-rates-return-to-earth-as-virus-driven-boom-cools-airlines-fret\/","title":{"rendered":"Air freight rates return to earth as virus-driven boom cools; airlines fret"},"content":{"rendered":"<p>An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50 per cent above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers. <\/p>\n<p>Declining prices may deal a blow to carriers that are scrambling to move cargo to offset weak passenger revenues as they rebuild networks by flying reopened routes with half-empty cabins. <\/p>\n<p>&#8220;The early-mover advantage has disappeared and I can see why some of the rates are coming down,&#8221; said Phil Seymour, president of aviation consulting firm IBA. &#8220;The market is becoming flooded with belly freight capacity.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50 per cent above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers. Declining prices may deal a blow to carriers that are scrambling to move cargo to offset weak passenger revenues as they rebuild networks by flying reopened routes with half-empty cabins. &#8220;The early-mover advantage has disappeared and I can see why some of the rates are coming down,&#8221; said Phil Seymour, president of aviation consulting firm IBA. &#8220;The market [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-358290","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}