Growth in premium passenger traffic has exceeded its economy counterpart in many key markets in the past year, according to the latest stats from IATA.
IATA"™s Airlines Financial Monitor for May 2017 shows premium airfares have generally held up better than those in the economy cabin. In only two of the main premium markets (Europe "“ Asia and North and Mid Pacific) are premium fares underperforming economy. Premium traffic accounted for 27.2% of total passenger revenues in Q1 2017, up from 26.4% a year ago.
Overall, global passenger volumes grew by 10.7% in year-on-year terms in April "“ the fastest pace in six years, said IATA.
Global airline share prices performed strongly in May, surging 7.8% to be up more than 20% over the past year. Gains were observed in all three regions (North America, Asia Pacific and Europe), but European airline shares led the way again this month, with a 14.3% rise…
