IATA reports (16-May-2012) the following premium and economy traffic growth highlights by region in Mar-2012:
- Premium traffic:
- Total international: +8.6% year-on-year;
- Economy traffic:
- Total international: +8.9%;
IATA: “Moreover, business confidence, as measured by the Purchasing Managers’ Index, has shown significant improvement since the end of 2011, and is now signaling a modest expansion in manufacturing activity for the fifth consecutive month. Since the Index is typically a leading indicator of business and therefore premium travel, the current trend and level suggests premium travel markets could continue to expand over the coming months,” Source: Company statement, 16-May-2012.