Following closely on the heels of Lufthansa Cargo’s recent announcement that it will raise its rates by 25 per cent, Air France-KLM Cargo has followed suit with a similar announcement of rate hikes. In a nearly identical move by AF-KLM, the Franco-Dutch carrier announced via an email to its customers that it would increase its rates by as much as 30 per cent from next month. “The results of Air France Cargo-KLM Cargo are under severe pressure given the extraordinary market conditions faced by our industry. “In this economic environment, and in order to maintain our contribution to the airfreight supply chain, in terms of capacity and services, Air France Cargo-KLM Cargo is now forced to increase its freight rates by 20 to 30 per cent as of early October.”