The IATA reports a general downtrend for global air traffic, with passenger traffic nearly flat...

|By:, SA News Editor

The IATA reports a general downtrend for global air traffic, with passenger traffic nearly flat M/M and freight demand down. Soft oil prices couldn't overcome a drop in business and consumer confidence. The latest forecast for the industry from the agency calls for a slim $3B profit for the year on $631B in revenue.