Korea: The Korean market remains very fluid, there have been ongoing signs of improvement in capacity and rates throughout July, but we expect the rate decline to slow until we see a further change in volumes. Capacity ex ICN is starting to increase as more carriers reintroduce both freighter and PAX freighter schedules. There has also been an increase in PAX services to specific destinations with approx. 30% of passenger services returning to some sort of “normal” operations.
Singapor….