Air freight space from Asia to the US and UK is contracting as operators avoid volcanic ash, resulting in flight disruption and cancellation.
Bogoslof Volcano in Alaska, which has been active for the past six months erupting daily, has erupted again, raising the aviation alert level to red.
The Alaska Volcano Observatory reported that the eruption lasted for almost an hour on Sunday afternoon, sending a cloud of ash at least 10,670 meters (35,000 feet) which is the same altitude many jets travel at.
The warning was raised to red, the highest possible level, following the eruption, as the ash is a potential threat to airliners operating between North America and Asia.
An alert has been issued that the ash cloud may climb as high as 50,000 feet.
Several US airlines and China cargo have adjusted their transpacific routes, creating ”very tight” space for operations
At the same time bad weather in China has been affecting European flights, which has led to some rate increases and about 20 flights in and out of Hong Kong being cancelled.
Space for larger shipments across many airlines is booked until Friday at the earliest.
With capacity tight analysts expect to see air freight rates rebound in June.
The 2010 eruption of Icelandic volcano Eyjafjallajökull disrupted more than 100,000 flights and 10 million passengers over the course of eight months. Fortunately, it doesn’t look like this eruption will lead to anything close to that level of interference.