Cathay Pacific Halts Mideast Cargo Flights, Risking 12% Capacity Drop
Cathay Pacific and Cargolux have suspended cargo services to key Gulf hubs after renewed US-Iran hostilities, threatening to erase the recent 4% YoY air cargo capacity recovery and potentially replicate the earlier 12% drop. Shippers face imminent rate spikes and rerouting challenges on Asia-Europe lanes.
Source: FreightWaves · finance.yahoo.com