IATA SURVEY PREDICTS 5.5%-A-YEAR TRAFFIC GROWTH
International air freight traffic volumes will rise by an
average of 5.5 percent a year during 1999-2003, according to the latest survey of major
airlines, airports and civil aviation authorities by the International Air Transport
Association.
The 5.5-percent annual growth rate predicted by IATA over the period
1999-2003 is 0.2 percentage points higher than the average growth rate it had estimated in
its 1998-2002 freight forecast.
Following recovery in the Asian markets, freight traffic growth is estimated
to have exceeded 6 percent in 1999, IATA said.