IATA said international passenger traffic grew 4.3% in January compared to January 2007, sharply down from 6.7% RPK growth recorded in December and full-year 2007 growth of 7.4%. "January traffic results show that we could be at a turning point," DG and CEO Giovanni Bisignani said, arguing that "the sharp shift in demand growth patterns makes it clear that the US credit crunch is negatively impacting air travel." IATA said North American carriers' international RPKs rose 5% in January, down ...

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