HONG KONG: Carriers raising rates as demand improves

Cathay Pacific Airways, Singapore Airlines, Lufthansa and Air France-KLM have raised freight rates 10 to 15 per cent to take advantage of renewed US and European demand. The airlines have hiked rates to about US$2.71 to US$2.84 per kilogram on routes from Hong Kong to Europe and North America. A Shenzhen-based freight forwarder said Air […]


Cathay Pacific Airways, Singapore Airlines, Lufthansa and Air France-KLM have raised freight rates 10 to 15 per cent to take advantage of renewed US and European demand.

The airlines have hiked rates to about US$2.71 to US$2.84 per kilogram on routes from Hong Kong to Europe and North America.

A Shenzhen-based freight forwarder said Air China had raised freight rates seven per cent or $0.29 per kilogram for shipments to Europe and the US from 10 September, the South China Morning Post reported.

From September, the mainland carrier will lift its freight rates nine per cent for North American routes, an official at Shenzhen Airport Air Cargo, a subsidiary of Shenzhen Airport said. Mainland airports saw an 18.1 per cent increase in cargo volume last month because of robust domestic demand.

Cathay, Lufthansa, Air France-KLM, Japan Airlines, All Nippon Airways, SIA and Cargolux have asked for a 15 to 30 per cent increase in freight rates, effective October 1.