Premium traffic up 1.7% in Nov-2011: IATA

IATA reports (17-Jan-2012) the following premium traffic growth highlights by region in Nov-2011:

• Total international: +1.7% year-on-year;
  • Within Africa: +16.4%;
  • Within Far East: +0.4%;
  • Within Middle East: +7.1%;
  • Within North America: +3.2%;
  • Within Southwest Pacific: -8.3%;
  • Within Europe: -0.3%. [more - original PR]

IATA: "World trade growth has slowed to a virtual halt in recent months and business confidence in the major industrial economies has fallen sharply, to the point where the survey shows industrial production is expected to grow no further over the next few months. World trade has been a good coincident or current indicator for premium travel. Business confidence has been a good leading indicator. Both suggest there will be little further growth in premium travel in the next few months." Source: Company statement, 17-Jan-2012.