We are pleased to send you herewith IATA’s assessment of premium and economy travel in January.
Key points:
International air travel performance in January was in line with the recent trend, up 3.7% year-on-year;
Economy class travel drove the rise in volumes in January, up 3.8% year-on-year, helped by falling fares affecting this more price sensitive market;
The growth trend in premium international passenger travel has flattened over the past several months. Premium international air travel volumes have not increased since August 2014. There was a weak 2.6% rise in premium travel in January year-on-year;
This development reflects a lagged response to gradual slowdown in improvements in business confidence throughout H2 2014, with economic conditions in the Eurozone and China deteriorating;
The within Europe travel market was particularly weak in January, up just 0.1% for premium class, and 1.8% for economy – notably slower than the trend in 2014, which average close to 4% overall.
Longer-haul markets continue to perform relatively more strongly, including the Middle East to the Far East and Europe, which explains why international RPKs expanded at a much faster pace than passenger numbers;
Latest data show there are signs of a pick-up in business confidence in the Eurozone and US, which could ease some of the downward pressure on business-related international air travel.
View full report
Please do not hesitate to contact corpcomms@iata.org for further information.
Kind regards,
IATA Corporate Communications
International Air Transport Association
800 Place Victoria, P.O. Box 113 Montreal, Quebec, Canada, H4Z 1M1.
Diplômé universitaire en histoire, journalisme et relations publiques, en 1993, Philippe Cauchi amorce une carrière de journalisme, analyste et consultant en aérospatiale. En 2013, il fonde avec Daniel Bordeleau, le site d’information aérospatial Info Aéro Québec.
Commentaires