19-Aug-2009 3:15 PM
Worldwide premium revenues down 40%. European LCCs winning - premium pax “may not return” - IATA
Analysis
The International Air Transport Association (IATA) has observed that "structural declines" in premium traffic are now occurring, particularly in Europe. IATA stated the deterioration in premium travel is occurring despite the better economic news declared by Germany and France. It noted that passengers who had previously paid premium fares to travel on short-medium haul European routes "and have now moved to the back of the aircraft, or onto low fare airlines, may not return".
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