The International Air Transport Association (IATA) has stated that although global passenger travel has grown in September, the pace of cargo traffic growth has slowed due to waning business confidence. Passenger traffic grew in September by 10.5%, while the traditionally busiest month of August only recorded a 6.5% increase. But international freight traffic dropped from 19% in August to just 14.8% in September. On a seasonally adjusted basis, passenger traffic expanded by 2.1% with cargo contracting by 2.1%. A decline in cargo traffic was expected but the depth of the drop was not. Giovanni Bisignani, director general of IATA, said

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