IATA reports Nov-2009 premium traffic still suppressed
IATA reports (18-Jan-2010) the following premium traffic growth highlights in Nov-2009:
- Total international: -6.7% year-on-year;
IATA: “There has been a rise in premium travel in recent months, which is now around 5% higher than its May low point, but much of the upturn took place mid-year, since then there has been little further progress once seasonal fluctuations are taken into account. Premium travel numbers are still over 20% lower than early 2008 levels…Tighter supply-demand conditions in turn allowed airlines to reduce the availability of cheaper fare categories and average passenger fares rose from the middle of the year – though they remain well below the levels of last year. Premium revenues have started to improve as a result and by November we estimate their level to be around 12% lower than November last year,” IATA statement. Source: IATA, 18-Jan-2010.