International passenger traffic slows in Nov-2010 towards normal historical levels: IATA

IATA stated the aviation industry is "shifting gears in the recovery cycle" with international traffic growth in Nov-2010 slowing towards normal historical levels of around 5% to 6% growth. Looking ahead, IATA noted that there is "still momentum for further expansion in passenger and freight markets - albeit in a slower phase". Meanwhile, the supply-demand balance points to stability in passenger yields but to potential softening in cargo rates.