The International Air Transport Association (IATA) expects passenger air traffic to grow faster during the next few years than it has in the previous five years. In its latest Airline Industry Forecast, the association estimates air travel will grow by 5.4% annually (compound annual growth rate, CAGR). That is significantly more than the 4.3% the industry has seen in the five years up to and including 2012. According to IATA, growth has been slower in that period because of the 2008 global ...
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