Loading

Premium passenger numbers fall sharply in Aug-2011 further slowdown expected in months ahead: IATA

Analysis

IATA has warned that "widespread" declines in international trade and business confidence is having a notable impact on global air travel demand, including in India and China. "Forward-looking indicators for air travel, particularly travel on business, continue to point to a further slowdown in the months ahead," the trade group said.

International business travel fell sharply at the end of Aug-2011, following an unexpectedly strong start to the month. Premium passenger numbers rose just 2.3% in Aug-2011 on a year-on-year basis, following growth of 7.5% in Jul-2011, with premium travel falling back to levels last seen in 4Q2010. Correlating with the decline in premium traffic volumes, there was also a marked decline in premium revenues in Aug-2011, which declined to the lowest levels in 16 months.

Read More

This CAPA Analysis Report is 1,129 words.

You must log in to read the rest of this article.

Got an account? Log In

Create a CAPA Account

Get a taste of our expert analysis and research publications by signing up to CAPA Content Lite for free, or unlock full access with CAPA Membership.

InclusionsContent Lite UserCAPA Member
News
Non-Premium Analysis
Premium Analysis
Data Centre
Selected Research Publications

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More