IATA has warned that both passengers and freight demand are slowing significantly with a warning from its DG and CEO Tony Tyler that “the industry is shifting gears downwards.” While August passenger demand was up 4.5% over the previous August, it represents a significant slowing from the 6% growth recorded in July, according to IATA. Worse, however, is the decline in freight markets, which accelerated with a 3.8% contraction for August, more than double the pace of ...

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