02-Sep-2011 5:57 PM
Airline traffic bucks the gloomy economic outlook in Jul-2011; Headwinds ahead in 2H2011: IATA
Analysis
Global air passenger traffic "bucked the gloomy economic outlook" with a surprisingly strong 5.9% year-on-year increase in Jul-2011, according to IATA director general and CEO Tony Tyler. Freight traffic, however, fell by 0.4% and freight load factors declined by 1.8 ppts to the pre-recession level of just 45.0%.
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