IATA said last week that June international passenger traffic fell 7.2% year-over-year, an improvement on May's 9.3% decline. But it noted that a capacity cut of 4.3% "did not keep pace with the fall in demand, leaving average fares and yields under significant pressure. As a result, June revenue on international markets fell by a shocking 25%-30%." The organization said international air cargo demand "remained weak," with June freight traffic down 16.5% year-over-year, but it noted that ...

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