Report: Air cargo finds floor, but premium travel continues to slide

05/4/2009 | Air Transport World

The world's airlines have reported combined losses of about $1 billion for the first quarter, according to a global industry group. "Air freight appears to have bottomed out, but passenger travel continues to shrink," said the "Financial Monitor" released on Friday. Premium travel continues to be a prime concern, with March sales of first- and business-class tickets down 20% compared to year-earlier levels.

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