2013年7月17日 星期三

Air travel sees slower traffic growth in May

Passengers in premium cabins on international routes up 2% y-o-yAIR travel markets appeared to slow down in May, with the number of passengers travelling in premium cabins on international routes growing by 2 per cent year-on-year.迷你倉In contrast, April registered a growth of 3.8 per cent from the corresponding month a year ago, according to the latest premium traffic monitor by the International Air Transport Association (Iata).Meanwhile, the number of passengers travelling in Economy Class was up 3.9 per cent in May, although this was slightly slower than the 4-5 per cent growth - seasonally adjusted for the Easter holidays - chalked up in April."The size of the international premium passenger market contracted in May and April," the Iata report said. "This has led to a slip in the share of premium passengers from total international travel, which could undermine yields if the trend continues."Within the Far East, premium traffic growth was up 2.7 per cent year-on-year in May, but 5.7 per cent higher for the year-to-date.Economy traffic growth edged up just 0.8 per cent in May but increased 3.8 per cent year-to-date within the Far East. "This is the second month of slower traffic growth in the region, likely文件倉reflecting sluggishness in the Chinese economy and Asian exports," Iata noted.World trade tends to be an indicator of demand for business travel as it is linked to manufacturing activity as well as industries such as banking.This year, business confidence has been more or less flat, while international trade is being driven by the emerging economies as the more developed markets continue to struggle.However, the report also mapped premium traffic demand against Bloomberg's MSCI World Share Price index. Judging by the current financial market performance, demand for business-related premium air travel may receive support in the months ahead, as the index tends to lead traffic demand by two to three months.The report also noted that growth in international passenger numbers is expanding at a slower rate compared to the growth in international air travel (measured in revenue passenger kilometres or RPKs), which factors distance into the mix.Total international passenger numbers rose 3.7 per cent year-on-year in May, while international RPKs increased 5.7 per cent.This is because medium-and long-haul routes, which are growing at a quicker clip this year, are fuelling the total growth in international air travel.存倉

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