IATA reports (18-Oct-2012) the following premium and economy traffic growth highlights by region in Aug-2012:
- Premium traffic:
- Total international: +8.5% year-on-year;
- Economy traffic:
- Total international: +6.2%;
IATA: “The decline in overall business confidence and the slowdown of world trade have placed downward pressure on air travel demand in recent months. The measure of overall business confidence did improve modestly in August. If that continues then business and premium travel should benefit. However, due to the erratic nature of the August rise in premium travel, we think it is too soon to suggest that growth in business travel will start to trend higher,” Source: Company statement, 18-Oct-2012.