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Aug 31, 2012, 05.35 PM IST
International air passenger traffic rose 3.5% in July year-on-year although the growth rate has slowed compared to the early part of 2012, the International Air Transport Association (IATA) said on Thursday.
"It becomes clear that since early this year the pace of air travel expansion has slowed, largely as a result of falling business confidence and world trade," IATA said in a statement. International freight traffic, seen as a short-term leading indicator of economic growth, fell by 3.3% over the same period compared with 2011.
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