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Demand for air travel slows
Monday, 29 Jul, 2011
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Demand for air travel is slowing slightly, according to figures released by the International Air Transport Association.
Passenger traffic in June was up 4.4% compared with the same period last month, but the annual rate of growth is close to 10%.
“Compared to May, both passenger and cargo markets contracted by about 1%,” said IATA’s director general and chief executive officer Tony Tyler. “For passenger traffic, this is a speed bump in a gradual post-recesssion improvement.”
Airlines in Europe registered growth of 8.9% in June, compared with June 2010, with load factors of over 80%, the highest in the world. IATA attributed this to a weak euro supported by a strong inbound travel trend and the growth of business travel.
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