06-Jan-2009 9:00 AM
Global aviation industry "now shrinking by all measures" - IATA
Analysis
The International Air Transport Association (IATA) stated that the worldwide industry is "now shrinking by all measures", as Nov-08 traffic data showed a 4.6% drop in international passenger traffic and a 13.5% drop in international cargo. International capacity dropped by 1.0%, while load factors fell 3 percentage points to 72.7%.
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