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4-Oct-2011 10:40 AM

IATA reports 4.5% rise in passenger traffic in Aug-2011, cargo falls again

IATA reports (01-Oct-2011) the following traffic growth in Aug-2011:

IATA: " Air travel and freight markets both weakened in August...So far this year air travel is 6.1% higher than a year ago, which is close to the trend of the past twenty years. However, much of this growth took place in the middle of last year. Since the third quarter of 2010 growth has shifted to a slower path. As a result, during the rest of this year comparisons to the same month last year will produce much slower growth rates. Declining business confidence, as shown below, will reinforce this arithmetic effect slowing air travel growth rates in the months ahead," Company statement, 01-Oct-2011.

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