Sunday, March 4, 2012

IATA warns about economic volatility.

Byline: Boonsong Kositchotethana

Sep. 5--If the volatility in global stock markets begins to affect the wider economy, the spin-off effect will drag down air travel demand, the International Air Transport Association (IATA) has warned.

However, the impact of market turmoil so far has been confined to the financial sector.

The current view is that borrowing difficulties could slow growth but will not end the solid gains in the overall economy and airline markets seen in recent years, said economists at the Geneva-based group that represents more than 250 airlines.

The global economic environment is still positive for air passenger and …

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