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Article: United states: Fragile air traffic recovery under way - IATA.
- Article from:
- TendersInfo
- Article date:
- August 28, 2009
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Byline: kusumv03
A recovery in air traffic is under way, according to latest data from a global industry body, in another sign the world economy is clawing its way out of recession.
But the recovery will be "volatile and weak", the International Air Transport Association said on Thursday, indicating the turbulence that has buffeted an industry facing another year of multi-billion dollar losses is not at an end.
Airlines carried 11.3 percent less cargo and 2.9 percent fewer people in July than a year earlier, IATA said in its latest monthly reading of cross-border traffic, a leading indicator for the health of world trade. The figures ...