21-Jun-2011 10:46 AM

Premium traffic up 16.3% in Apr-2011: IATA

IATA reports (20-Jun-2011) the following premium traffic growth highlights by region in Apr-2011:

IATA: “Much of the continued weakness in April was still due to Japan, where manufacturing production rose only modestly in April to a level still 14% below February. Recovery is expected, as reconstruction in Japan gathers pace but until that takes place international premium travel markets will remain around 1% weaker than they would otherwise be. Meanwhile business confidence has weakened in other economies, particularly the US where the purchasing managers’ index fell to a 20-month low in May. World trade has also slowed. As a result, softer business travel growth looks likely to extend into the next few months,” Source: Company statement, 20-Jun-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More