 The International Air Transport Association (IATA) has cut its 2011 forecast for global air cargo revenue to US$67 billion.
In June, it had estimated a figure of US$72 billion.
It now says cargo volume will grow by 1.4 per cent in 2011, down from the 5.5 per cent predicted in June.
Freight yields are expected to stagnate in 2011 due to belly cargo capacity oversupply.
Aircargo Asia Pacific
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