The global airfreight industry has lost nearly a decade’s worth of growth in the last year and a half, thanks to a period of unprecedented turmoil that began late in 2008 and continued throughout 2009 . of service—FTKs) were down about 5%, making 2008 the airfreight industry’s second worst year on record , after 2001’s 7% decline . The year-over-year declines in 2009 gradually grew less severe in the second half , and there are some signs that real recovery may start this year. However, ...

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