Trans-Tasman bubble to drop airfreight rates

Air freight costs rose by around 50% post-covid.

Mon, 29 Mar 2021

Air New Zealand expects an increase in air freight capacity of about 30% when the trans-Tasman travel bubble opens, with downward pressure on freight rates likely to be immediate.Air freight costs rose by around 50% post-covid, notwithstanding $372 million of government assistance to the airfreight industry to keep vital exports and imports flowing.“We expect there will be downward pressure on pricing,” Anna Palairet, the airline’s general manager, cargo, told BusinessDesk.“I think we will see a bit of contestability as...

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