The big gap between international passenger and cargo growth
that opened up over the past 12 months is beginning to close. Global freight
markets are continuing to recover, but passenger demand has slowed to its lowest
level in nine months, to a still healthy 5.3%, according to IATA. Average passenger
load factors were 75.7% during the first half of the year, up 0.6% over the
same period in 2006.
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