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IATA-Premium Traffic Monitor - May 2010

posted Jul 15, 2010, 3:03 AM by Rowan Hewitt   [ updated Jul 15, 2010, 3:04 AM ]

Released 15 July 2010

Key points from our full report on
premium and economy travel in May
:

 

 

  • Premium travel rebounded sharply in May to a level 18.7% up on a year ago, having slowed to 1.1% growth with European airspace closures in April;
  • Economy travel was 10.2% higher and total passenger numbers were 10.9% up in May;
  • For the first 5 months of 2010 premium travel numbers were 10.8% up on the same period in 2009, and total international passenger numbers were up 6%;
  • This strong post-recession rebound is being driven in large part by business travel, as business confidence and world trade rebound sharply;
  • Consumer confidence is improving but, unlike business confidence, has only recovered half its recession losses and the leisure travel seems to be lagging;
  • Regional differences remain with very strong growth in Asia and South America where economic growth is strong but the large N Atlantic market relatively sluggish;
  • Travel in some of the central American markets have exceptionally doubled due almost entirely to the impact of H1N1 on Mexico's travel markets last May;
  • Surprisingly strong premium travel growth within Europe, given the weakness of local economies, may reflect increasing shares in connecting traffic business.

- IATA Economics -

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