IATA: Global traffic declines for first time since SARS; losses may deepen

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...

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