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Air France KLM Cargo to increase freight rates by 20-30%

7-Sep-2009 10:56 AM

Air France-KLM Cargo announced plans to increase its freight rates by 20-30% as of early Oct-2009, following a similar move by Lufthansa Cargo (Payload Asia, 04-Sep-2009).

Air France KLM Cargo: “The results of Air France Cargo-KLM Cargo are under severe pressure given the extraordinary market conditions faced by our industry. In this economic environment, and in order to maintain our contribution to the airfreight supply chain, in terms of capacity and services, Air France Cargo-KLM Cargo is now forced to increase its freight rates by 20 to 30 per cent as of early October,” Company Statement. Source: Payload Asia, 04-Sep-2009.