17-Jul-2009 2:55 PM
IATA warns of ‘de-globalisation’; latest traffic casts doubt on the bottoming of air travel declines
Analysis
Premium air travel markets continue to deteriorate, despite positive signs from some of the world's leading economies, prompting a worrying new warning from the International Air Transport Association (IATA). The deterioration in international air travel in, to and from Asia during May, despite recovering economies in the region, says IATA, is a troubling sign of "what is being called 'de-globalisation'".
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