06-Jan-2009 11:10 AM
Asian air cargo markets shattered by global economic downturn
Analysis
Asian cargo markets are bearing the brunt of the global economic slowdown, which in turn is having a severe financial impact on the region's airlines. IATA forecasts Asian airlines will report a USD600 million operating loss (USD1.1 billion net loss) in 2009, due in large part to their large exposure to the air cargo segment.
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