IATA reported that September international passenger traffic (RPKs) declined 2.9% compared to September 2007, the first monthly drop since the 2003 SARS crisis. "The deterioration in traffic is alarmingly fast-paced and widespread," DG and CEO Giovanni Bisignani said. "Even the good news that the oil price has fallen to half its July peak is not enough to offset the impact of the drop in demand. At this rate, losses may be even deeper than our forecast $5.2 billion for this year. . .The ...

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