Economy passenger travel surged 8% year-over-year in April—the biggest leap in economy traffic since March 2012, when economy traffic grew 8.9%.
According to IATA’s April Premium Traffic Monitor. April’s strong numbers are a 7.5 point improvement on March’s 0.5% year-over-year performance.
Global premium traffic growth grew 3.8% year-over-year in April, improving on March’s 1.9% growth performance. Demand for international premium air travel has been “wavering over recent months, but it appears that conditions are now stabilizing,” IATA said.
“The outlook for premium travel markets is broadly positive,” IATA said. “May data suggests that conditions could be picking up after a slowdown in the first quarter. In particular, improvements in advanced economies will help sustain growth in premium travel ahead, as should easing downward pressure from emerging markets like China.”
April’s strongest premium traffic growth year-over-year was reported on Mid-Atlantic routes (up 13.8%), Far East-Southwest Pacific routes (up 12.6%), Africa-Middle East routes (up 12.3%), Middle East-Far East routes (up 11.5%) and North America-Central America routes (up 11.3%).
Year-over-year declines in April premium traffic were most notable on routes within Africa (down 8.3%), routes within South America (down 8.1%), Africa-Far East routes and Europe-Africa routes (both down 3.4%) and South Atlantic routes (down 3.1%).
Air Transport World