Assn. of Asia Pacific Airlines DG Andrew Herdman cautioned delegates at the 49th Assembly of Presidents in Hong Kong that slowing cargo demand is a warning sign for the industry. "So far the lower growth rate has not shown up in passenger growth, but the lower demand for cargo shipments is an early warning sign that the fuel price is impacting economies," Herdman said. Cargo traffic grew a robust 14.5% in the 2004-05 year but was up only 4.7% in the first six months of the current year. ...

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