Passenger and air-freight traffic in the Asia-Pacific region showed significant increases in December 2009, as compared to December 2008; this is further evidence that the global economic recovery has begun in earnest. Airlines are now expected to continue growing worldwide. The Association of Asia Pacific Airlines, which includes 17 airlines in the Asia-Pacific region (but excludes most in the People's Republic of China) said that passenger travel last December was 8.5% higher than the prior year. Air cargo, a main source of business for many Association of Asia Pacific Airline members, rebounded sharply in December.
Korean Air, the largest cargo carrier among the world's commercial airlines, had a net profit of USD $122 billion for the fourth quarter of 2009.
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