What does the cryptic crossword clue "Peak rates upset flyers (9)" mean?

The definition is "flyers". The wordplay uses an anagram. anagram of PEAK + RATES = PARAKEETS; definition: "flyers" The answer is PARAKEETS.

Peak rates upset flyers (9)

Independent Cryptic #1823 | 11 Across | 2025-02-02 flower

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Also seen in

Telegraph #28771 (2018-06-21)