IATA: Premium traffic up 4.3% in June
Published: August 20, 2012
IATA reported that international premium traffic for June was up 4.3% compared to the year-ago month, and compared to a 1.7% increase in May. But, IATA said in its latest premium traffic monitor the improvement was small.
“After signs of faster growth at the end of 2011 and early 2012, the expansion in premium travel has flattened out,” IATA said. “The fall of world trade in recent months and the decline in business confidence are likely to have reduced premium class travel,” it said.
Economy travel was up 6.4% year-over-year. IATA pointed out that “some of the weakness in premium markets could be due to a shift to cheaper economy seats by business travelers.”
The strongest premium traffic growth in June was recorded on the Central America-South America route, which reported a 41.6% growth year-over-year. Next highest growth rate was on the Middle East-Far East route (up 23.8%) and Africa-Middle East route (up 17.5%) compared to June 2011.
The worst performing routes in June were on routes within the Southwest Pacific (down 24%), Africa-Southwest Pacific routes (down 7.7%) and Africa-Far East routes (down 4.2%).
Looking forward, IATA said “the degree of weakness in air travel—particularly in premium markets—will be dictated by the level of deterioration in European economies.”