16-Sep-2010 10:31 AM

Premium international passenger traffic up 13.8% in Jul-2010: IATA

IATA reports (15-Sep-2010) the following premium traffic growth highlights by region in Jul-2010:

IATA: “These year-on-year growth rates were a little weaker compared to growth rates observed during the first half of this year, as now the monthly comparison is done with rising number of passengers seen during the second half of 2009. Over the rest of 2010, it is expected to see lower year-on year growth rates … Year-on-year growth in premium passengers is now slowing down as the comparison with the previous year is against a higher base. However drivers of business travel such as world trade in goods for developed economies, which has been a good coincident indicator for business travel, is still positive … Despite the acceleration observed in July, the number of passengers seated in premium class is still some 8% below its pre-recession peak, whereas economy travel is now some 3% above its pre-recession level,” Source: IATA, 15-Sep-2010.

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