Oil price hikes handicap growth in air travel sector. The International Air Transport Association (IATA) has announced international scheduled traffic results for January that show an 8.2% increase in passenger traffic and 9.1% growth in airfreight compared to January 2010. By January 2011, air travel volumes were 18% higher compared to the low point reached in early 2009 and some 6% above the pre-recession peak of early 2008. Airfreight in January was 39% above the low point reached at the...