New figures out from the International Air Transport Association (IATA) show that global air passenger and freight traffic growth slowed in July. The only month-on-month growth was displayed in Africa, Chinese domestic traffic and by Middle Eastern carriers in July, all other areas growth fell including the Asia-Pacific region. Overall demand there grew just 0.9% in July, a major contraction compared to the 5.8% increase recorded in the June year-on-year comparison. “The uncertain economic outlook is having a negative impact on demand for air transport,” said Tony Tyler, IATA director general and CEO. “The cargo business is 3.2 percent smaller
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