02-Sep-2005 12:00 AM
Cost reduction critical - IATA
Analysis
SYDNEY (Centre for Asia Pacific Aviation) - The International Air Transport Association (IATA) reports worldwide passenger traffic growth of 8.5% with "considerably weakened" cargo traffic growth of 2.2% in Jul-05. The result takes the year-to-date growth rates to 8.8% for passenger and 3.5% for freight traffic.
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