Premium traffic continues to improve
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Passengers travelling in premium seats on international flights saw a 3.8% increase in April year-on-year, following more confidence in Europe and the US.
The latest IATA statistics also show an improvement on the month before as March’s growth was only 1.9% with improvements in the economy and businesses attributed to the pick-up since the end of 2013.
Advanced countries are moving at a faster pace than developing nations although all routes connected to the Middle East are performing strong. This is particularly the case for ME to the Far East (11.5% growth) and to Africa (12.3%) although Europe is still seeing healthy increases (8.6%).
Within Europe the premium market is up 2.6% year-on-year up from a 2.5% decline in March this year, with business travel and industrial production fuelling the positivity.
IATA’s report said: “The outlook for premium travel markets is broadly positive. Global business confidence continues to signal economic growth, and May data suggests that conditions could be picking-up after a slowdown in Q1. In particular, improvements in advanced economies will help sustain growth in premium travel ahead, as should easing downward pressure from emerging markets like China.”
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