The International Air Transport Association (IATA) announced global passenger traffic results for March showing a moderation of the pace of growth in demand. Total revenue passenger kilometers (RPKs) increased 3.1% compared to March 2013. Although this represented a slowdown in comparison to the February year-over-year traffic increase of 5.6%, cumulative traffic growth for the first quarter of 2014 was 5.6%, which is a slight improvement over the 5.2% overall growth achieved in 2013. “After a number of very strong months we are seeing a slowing of demand growth. The strong performance of advanced economies nevertheless is likely to support the

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