New Delhi: In what could be soothing to the ears of the global airline industry, the rate of slowdown in business class traffic has declined in October from the previous month, the IATA said on Saturday.
The airline yields also appear to have improved marginally, as premium travel numbers declined by 9.3 percent in October compared with a 13.9 percent fall in September. Going by the latest figures of airlines around the world, the International Air Transport Association said the economy travel figures also showed an improvement with a positive 1.3 percent growth, compared with 0.9 percent in September.
It said passenger numbers on international markets
expanded further during October.
"Numbers travelling on economy seats were 1.3 percent up
versus a 0.9 percent rise in September, whereas premium
passengers were down 9.3 percent compared with a 13.9 percent fall in September," IATA`s premium traffic monitor said.
Both premium and economy travel volumes rose around six
percent from their respective low points, but were still
below early 2008 levels, it said, observing that "stronger
world trade in the late summer appears to be generating more
Geographically, the strongest markets in October were South America and the Middle East, including long-haul connections over Middle Eastern hubs. Within South America, total passenger numbers were up 19.8 percent, while Middle East to Far East markets were up 14.8 percent, the IATA said.
All the larger markets, between Europe, Far East and
North America were down between 1.7-2.6 percent, with the
exception of `within Far East` travel which was up 3.6 percent, reflecting stronger economic recovery in this region.
Travel volumes are moving upwards as economies recover
but only half of the 2008 fall has been restored so far and a
slower yield upturn has limited the improvement in revenues.
The IATA report said, "One of the weakest premium
markets" remained within-Europe, with a 19.7 percent decline.
Long-haul markets across the North Atlantic and Pacific were
down 5.8 and 12.1 percent respectively, a modest improvement
on June lows. Europe to Far East was also down 8.1 percent.
The premium markets showing positive growth in October
were linked to the Middle East, mostly reflecting long-haul
traffic being connected over Middle Eastern hubs.