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.