THE Singapore Airshow is a great reminder of the importance of the civil aviation industry.

AIR traffic for Asia-Pacific airlines grew 9 per cent year on year in August at a faster pace than other regions, data from the International Air Transport Association (Iata) showed.

Amid profit-taking, global airline share prices slid 3.2 per cent in July in the first monthly fall since March, although the Asia-Pacific share price index did better with a more modest decline.

THE downward trend in passenger yields across the airline industry has bottomed out, the International Air Transport Association (Iata) said in its latest financial monitor.