IATA releases details of Premium Traffic Monitor for August
Growth in international air passengers improved in August with a rise of 4.5% compared to a year ago, the International Air Transport Association says in its latest Premium Traffic Monitor, up on the July result of 2.6%. Premium and economy passenger numbers rose at the same rate.
There was also a strong expansion in passenger numbers between August and July, which counters the negative trend seen in previous months. IATA said that the trend was consistent with signs of improving business conditions, after a period of weakness in international trade and business confidence earlier in the year.
The improvement in passenger numbers is being supported by strong growth in markets like Europe-Far East (6.7%) and North and Mid Pacific (7.1%). This shows that the recent weakening of the Eurozone economy is yet to have an impact on air travel growth, IATA said.
By contrast, air travel within the Far East and markets connected to South America continue to show weakness. Economic and political turmoil in Thailand has damaged tourism demand over recent months, while Malaysia air travel has been impacted by tragedies related to the flag carrier.
Meanwhile, the North America-South America market has been hit by capacity cuts to Venezuela as well as weakness in key economies like Brazil and Argentina.
[pictured: SAS business class meal]