- 12 months ended Dec-2009:
IATA: “2009 was a year of two very distinct halves, with the final stages of severe recession impacting the first half and then the post-recession upturn in the second half. May marked the low point for premium travel, when numbers were 25% down on early 2008 levels. Although there has been an 11% upturn since then premium travel remained 17% below that previous 2008 high by December. Given trend growth of 5% a year, that implies that the industry has effectively lost 6 years of premium travel growth,” IATA statement. Source: IATA, 16-Feb-2010.