IATA DG and CEO Giovanni Bisignani described 2009 as an “annus horribilis” in which airlines worldwide sustained a 14.4% drop in revenues and a $9.9 billion loss owing to the global financial crisis and economic downturn. Airports shared in the pain, although to a lesser degree, experiencing a 1.4% decrease in passenger throughput that reversed six consecutive years of growth (see Table 1). The last comparable decline occurred in 2001 when 1.7% fewer passengers used airports ...

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