Air freight rates expected to soar as Russia's AirBridgeCargo exits Europe

28 Feb, 2022

Air cargo shippers on Asia to Europe lanes should expect a hike in prices after a substantial amount of capacity has come out of the market.

The EU and UK ban on Russian aircraft in their airspace has seen Volga-Dnepr Group’s AirBridgeCargo remove all its aircraft from Europe in the past three days.

At least four aircraft departed the EU yesterday as the ban came in, according to FlightRadar24. ABC has 15 747Fs, and one 777F in its fleet, a large amount of capacity, particularly given the current marketplace.

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