Big airlines are flying 'ghost planes' stuffed with packages now that the demand for passenger flights has cratered
They're also finding an elegant solution: stuffing their jets with packages instead of people. as low as 0.7% for Southwest and as high as 2.7% for United
Cargo flying has become a suddenly lucrative business since the coronavirus pandemic halted passenger travel. According to freight data and media company FreightWaves, the air-cargo price index for flying from Shanghai to North America has increased by nearly 80% to the first week of April 2020 from the same period last year.
The reason for these sky-high rates actually connects back to passenger flights. Some 80% of cargo between Europe and North America flies in the "belly" of a passenger jet. But with these flights canceled, retailers are scrambling for new ways to get their goods in stores.
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