IATA reported that international scheduled passenger traffic rose 11.7% year-over-year in May while international cargo traffic jumped 34.3% compared to May 2009. "Demand rebounded strongly in May following the impact of the European volcanic ash fiasco in April," DG and CEO Giovanni Bisignani said. "Passenger traffic is now 1% above pre-recession levels, while the freight market is 6% bigger." The organization noted that "matching capacity to demand will ...

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