Air cargo could take years to recover – IATA

8/3/2009 10:08:47 AM

Global airlines carried 16.5 per cent less cargo and 7.2 per cent fewer people in June than the same month a year ago, with no sign yet of the global recession lifting, the International Air Transport Association reports.   IATA also said it could take years for air freight to return even to 2008 levels. If average fares continue to decline, carriers may lose a combined US$9 billion this year, IATA added.     Aircargo Asia Pacific

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