World airline passenger traffic was down 1.1% in August compared to the same month in 2008, an improvement over the 2.9% year-to-year decline in July, IATA reported. With ASKs off 2.5%, industry load factor reached 80.9%, up 1.2 points over the same month last year. Freight performance also improved, from a negative 11.3% in July to a negative 9.6% in August. "Demand continues to improve, but profitability remains ever distant," IATA DG and CEO Giovanni Bisignani said in a statement. "Fares ...

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