Asia Pacific aviation outlook ‘clouded’ by oil prices; Japan crisis

Asia Pacific airlines witnessed some "moderation" in passenger and air cargo demand growth in the first two months of 2011, according to the Association of Asia Pacific Airlines (AAPA). The industry body warned that despite a positive start to 2011, the outlook for the industry is "clouded" by a sharp increase in oil prices and the situation in Japan which has the potential to "undermine the global economic recovery".