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IATA Warns on airline industry

3 December 2008

The International Air Transport Association said that international air traffic fell in October, the second month in a row, and warned the airline industry is in a dangerous condition.International passenger traffic — measured in revenue passenger kilometers, which factor in how far passengers are flown — fell 1.3% from a year earlier in October, a less-steep decline than the 2.9% drop in September.

source: The Wall Street Journal

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