I'll forgive the report as it is a commentary as much as anything. However, saying that this year's growth would have been 7% if it weren't for Iraq and SARs after asserting that the growth for 2004 is not looking as good as hoped is a little contradictory.
Probably more likely that 7% this year would have been rediculous regardless of Iraq or SARs.
My personal opinion is that in the near future there will be more flights with fewer passengers in smaller planes from more airports and that long-haul will not recover for many years. Overall, near zero growth but yet another paradigm shift.