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Falling trade with Asia sent cargo traffic for European airlines down 4.4 percent in November, the sharpest year-over-year decline in 2011, according to the Association of European Airlines.
Freight traffic connected to the Far East and Australasia region – the largest trade lane for European carriers – fell 7.3 percent in November compared to the same month a year ago.
The Asia trade also slipped back slightly from October to November, a typical seasonal trend but one likely exacerbated by the impact of economic woes in the eurozone that have dampened demand for imports.
The Journal of Commerce Online
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