updated 3/16/2009 12:02:24 PM ET 2009-03-16T16:02:24

European airport operators say air passenger and cargo traffic is falling across the region.

Airports Council International Europe says the number of air passengers in January fell 10.7 percent from a year ago, while freight traffic dropped by 23.6 percent. The group monitors traffic at 101 European airports.

The figures released Monday show Europe is faring worse than many other regions. The International Air Transport Association says worldwide passenger numbers have fallen 6 percent over the past year.

The association says airlines lost $5 billion last year and that cutbacks seem likely as demand collapses.

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