IATA: Premium traffic up 6% in Feb-2012
IATA reports (19-Apr-2012) the following premium traffic growth highlights by region for Feb-2012:
- Total international: +6.3% year-on-year;
IATA: “Economic indicators suggest that the performance of premium markets is once more being supported by improvements in the business environment – with both trade activity and business confidence increasing in recent months. Better economic results in the US, for example, are supporting traffic across the North Atlantic as well as having positive impacts on trade partners with revived demand for Asian consumer exports. The increasing share of premium in total travel over the last several months is also concurrent with the increased growth in premium travel. However, the continuing weakness in European economies remains a downside risk to air travel markets in the months ahead, as is the threat of increasing oil prices,” Source: Company statement, 19-Apr-2012.