This month many post companies around the world are implementing further substantial increases on International post as the effects of Covid-19 hit the aviation industry heavily. It was only a matter of time, the big airlines have cancelled many flights and many aircraft are still in storage as the airlines cut costs by cutting routes.What all this means is that the available air freight capacity is seriously reduced and what capacity that is available commands a higher premium. For the past few months postal companies have absorbed that extra cost but now that is being past on to customers. I am seeing an increase between 10% and 15% on letters, and 100% on parcels, depending on the route, with the highest rises to the USA & Japan.
I will continue to monitor this in the coming months.
