The International Air Transport Association (IATA) said June marked the 13th consecutive month of contracting demand for international air cargo. Despite reaching a bottom in December, improvement has been slowed by high inventory levels and soft demand. “At the current pace, it will likely take several years before demand returns to early 2008 levels.” IATA said air freight is refl ecting the earlier economic recovery in Q2 among some emerging Asian economies while recoveries are … [Read more...] about International Air Transport Association (IATA)