After more than a year of slumping demand and sinking revenue, the nation´s airline industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year.

The indications of a recovery, documented in recent government and airline reports, come after 14 straight months of declining revenue for the nation´s airlines and passenger traffic totals that have been dropping for almost two years. Airline experts have blamed the drop in passengers on the recession, high unemployment rates and deep cuts to corporate travel budgets.

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