IATA Reports Softening Air Transport Demand in June
Air transport traffic statistics for June showed a showed a slight softening in demand for both air travel and freight markets, according to a report relea

Air transport traffic statistics for June showed a showed a slight softening in demand for both air travel and freight markets, according to a report released today by the International Air Transport Association (IATA). Compared with June 2010, passenger demand increased 4.4 percent while freight demand dropped by 3 percent.

While the trend for passenger travel continues upward, its pace has slowed compared with the nearly 10-percent annual growth rates posted during the post-recession rebound. The slowdown reflects slower economic growth and increased costs resulting from higher jet fuel prices and increased taxation in some countries, said IATA.