The International Air Transport Association (IATA) says global freight traffic contracted 2.7 per cent in August as carriers in Asia Pacific flew less cargo.
Freight shipped by Asia-Pacific carriers accounts for about 45 per cent of the global air cargo market, it said.
"A three-month decline, led by weakness in Asia-Pacific markets, is a clear indication that global trade is slowing down," IATA said. "This shows that the impact of the financial crisis is broad geographically and will worsen before it gets better."
Aircargo Asia Pacific
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