The attacks on Iran by US and Israeli forces and the responses from Teheran have had an immediate and profound impact on airfreight flows. Iran’s attacks on Gulf hubs forced the closure of airports and grounded the fleets of airlines based in the region, which stranded almost half of the capacity with origin Middle East & South Asia last weekend, and about 15% of global air cargo capacity. The situation is fluid. Afflicted airports resumed operations by mid-week this week and the fleets of Gulf-based carriers ramped up their flights again. Forwarders have resorted to charters out of Asia Pacific amid warnings that backlogs of airfreight to Europe and the US could become an issue by the weekend.
For more details, please refer to the WorldACD weekly report (PDF).
