30-Jan-2009 11:30 AM
Air freight volumes fall off cliff as economy slumps - airlines warned: prepare for "hard landing"
Analysis
IATA reports international air freight volumes (FTKs) fell an unprecedented 22.6% in Dec-08, as companies worldwide run down their inventories, abruptly cutting output and shipments. Exports of goods fell 20-30% in the US, Asia and Europe and air freight suffered proportionately, according to the industry body.
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