AVIATION
Passenger growth in slow decline
- Published: 14 Feb 2013 at 00.00
- Newspaper section: Business
Airlines worldwide finished 2012 having carried 5.3% more passengers than in 2011, but projections are for slower growth of 4.5% this year.
On the other hand, air freight volume fell by 1.5% last year but is expected to rebound this year to 1.4% growth, says the International Air Transport Association (IATA).
Last year's increase in passenger demand fell from 2011's 5.9% growth but above the 20-year average of 5%.
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