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Premium travel yet to hit bottom, says Iata
20 May 2009
The International Air Transport Association says that the decline in premium traffic shows no sign of levelling off, and estimates that revenues have plunged by 35% to 40% in the first quarter.
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IATA
International Air Transport Association
premium travel
bizjets
business jets
Iata’s passenger numbers for March show premium traffic continuing to decline, with the figures showing a 19% year-on-year decline.
While this is marginally better than February’s figure of just over 21%, much of the apparent improvement is due to an extra leap year day in 2008.
“There is no indication in the data yet that the decline in passenger travel has reached a bottom,†the association said.
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