Fuel Prices Continue to Affect Air Cargo
Citing rising fuel costs, Northwest airlines recently announced that they will discontinue cargo service to Guangzhou, China beginning July 1st.
Via Reuters.com
“The unprecedented rise in fuel prices created a situation where it was no longer possible for our cargo unit to operate profitable freight services into Guangzhou,” Gilbert Chow, Northwest’s Hong Kong general manager, was quoted as saying.
The price of light sweet crude oil surged to a record of $135 per barrel on Thursday.
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