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IATA cuts air traffic growth forecast for ’08, ’09

3 September 2008

The International Air Transport Association on Wednesday significantly cut its air traffic forecast for domestic and international markets, reflecting weakening economic conditions and waning demand.

Global passenger traffic is now expected to grow on average by 2.8 percent this year, compared with a 3.9 percent growth prediction in June.

For 2009, traffic volume growth of 2.9 percent is expected, compared with a previous prediction of 4.5 percent growth.

source: BusinessWeek

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