Home News Breaking News

Soaring fuel prices hit international air freight traffic

Jul 2 2008 by Tony McDonough, icNorthWest

International air freight traffic is being hit by sky high oil prices, new figures indicated.

The International Air Transport Association (IATA) says cross-border air freight traffic grew just 1.3% year-on-year in May.

Cross-border air traffic, which IATA measures in freight tonne kilometres, is considered a leading indicator of the health of world trade.

Latest headlines

RBS chalks up first-ever loss

ROYAL Bank of Scotland (RBS) today unveiled its first loss in 40 years as a public company after suffering writedowns of £5.9 million. Read

Barclays "acutely disappointed" by profits slump

Barclays reported an “acutely disappointing” 33% profit slump today after more hefty write-downs and warned that it expected tough conditions to continue through next year. Read

Site Tools