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IATA: Premium Traffic Monitor – September 2013

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We are pleased to send you herewith IATA’s assessment of premium and economy travel in September. Key points:

-Premium passenger numbers were up 3.3% in September on a year ago, down on the 8.6% spike in August;

-Despite this moderation, there have been steady increases in premium travel volumes since the end of Q2;

-This is consistent with easing downward pressure on premium travel demand over recent months;

-Business confidence has been improving steadily and the Eurozone has managed to keep recession at bay;

-Major markets like the North Atlantic have benefited, rising 3.1% in September, above growth so far this year (1.5%);

-Within Far East premium travel was up a strong 8.9%, as the Chinese economy maintains positive momentum;

-Growth rates on some routes connected to the Middle East continue to show the seasonal impacts of Ramadan;

-But performance so far this year remains solid, supported by robust expansion of Gulf economies;

-The outlook for air travel markets continues to improve, alongside improvements in the business environment;

-Business activity is now increasing at the fastest pace since mid-2011 and rising export orders signal growth in trade;

-A downside risk is the fragility of the Eurozone recovery, with economic growth in Q3 slowing compared to Q2.

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