IATA reveals latest premium air travel data
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IATA has released its latest data for premium and economy air travel for the month of March, which show passenger travel on international markets rose 4.6% compared to a year ago, in line with the 4.6% result in February.
For premium international travel (up 4.4%), there was an acceleration on February (up 2.3%), but the growth trend remains broadly flat when considering the past 6 months. Premium international air travel volumes are largely unchanged since August 2014.
This development reflects a lagged response to the gradual slowdown in improvements in business confidence throughout H2 2014, with economic conditions in some emerging markets deteriorating, IATA said.
Looking ahead, there might be some bright spots for growth in premium international travel. The category was up 7.8% within Europe in March, compared to 0.4% in February. There are signs of a pickup in business confidence in the Eurozone, which could support growth ahead.
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