Lower growth in the air transport market over the next few years is predicted by the International Air Transport Association (IATA). It says: "Sentiment about traffic growth prospects among airlines and industry forecasters is becoming more cautious than last year". IATA forecasts a 5.02% annual average growth rate for scheduled international traffic from 1999 to 2003 - 0.5% down on its 1998-2002 forecast and 1.5 points down on the 1997-2001 forecast.
Source: Flight International