Iran War Fuels Airfreight Price Surge: Jet Costs Double, Rates Climb to $2.98
Picture a freighter captain staring at the pump: jet fuel costs twice what they did pre-Iran War. Global airfreight rates just hit $2.98, and it's not peaking yet.
⚡ Key Takeaways
- Jet fuel prices doubled due to Iran War's Strait of Hormuz blockade, now driving airfreight rates to $2.98/kg. 𝕏
- Global cargo volumes flat, but capacity in MESA region still 33% below last year despite recent gains. 𝕏
- Summer schedules may add capacity, but ongoing conflict likely dominates pricing and demand. 𝕏
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Originally reported by DC Velocity
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