After a dip in growth rates for all types of traffic in August, total overall number of air passengers in premium (first and business) rose 12.1 years per cent from year to year in September. Economy travel grew 9 percent for the month, according to latest figures from the International Air Transport Association
International Air Transport Association said the final figures for August showed that the slowdown this month was ‘bigger than first reported’ with higher passenger growth to 6.2 percent, while demand for economy class seat has increased by 4.9 percent. In comparison, higher passenger growth in July is 12.5 percent, while sales of tickets of the economy grew by 7.8 percent.
Despite the growth in the month of September last year, the premium numbers are still about 11 percent less, and in September 2007 and 4 percent less than the whole in September 2008. On the other hand, the number of passengers economy recovered quickly, and the number of September by about 11 percent higher than September 2008 and 6 percent more than in September 2007.
However, International Air Transport Association noted that the latest data showing a softening of consumer confidence, it was too early to determine if this is the beginning of a trend or just a blip. Unsurprisingly, there was a wide variation in the markets with the strongest growth rates in Asia and the routes that involve travel to or from Asia.
The main roads of Asia, which together account for one third of revenues from premiums and slightly more than 25 percent of the premium traffic has grown between 10 and 18 percent for the month and an increase between 12 and 23 cent for the year to date.
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