Figures published recently by the International Air Transport Association (IATA) show a continued slowing of demand for air transport. Cargo traffic contracted by 1.9 per cent in July compared with the same month last year, while passenger demand growth fell to 1.9 per cent, the lowestfor five years. In June, cargo contracted by 0.8 per cent compared to June 2007,while passenger demand growth was 3.8per cent. IATA also announced a revised industry financial forecast that would see the … [Read more...] about Singapore: IATA points to drop in air cargo traffic