New Delhi: Economic slowdown in China, India and other economies of the East led to a significant contraction in business class air travel in March compared to the previous year, latest IATA data showed today.
Growth in the number of business class or premium travellers, which is a good indicator of airline industry's revenue earning capacity, slowed to 2.2 per cent in March compared to 4.1 per cent in February, data analysed by the International Air Transport Association (IATA) showed.
A notable part of the slowdown was China where business activity has been contracting since January, the IATA said, adding that premium travel within the Far East suffered as a result.
This was a "significant slowdown" in both February (one per cent) and January (7.2) growth, the study said.
21/05/14 PTI/Econiomic Times
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Growth in the number of business class or premium travellers, which is a good indicator of airline industry's revenue earning capacity, slowed to 2.2 per cent in March compared to 4.1 per cent in February, data analysed by the International Air Transport Association (IATA) showed.
A notable part of the slowdown was China where business activity has been contracting since January, the IATA said, adding that premium travel within the Far East suffered as a result.
This was a "significant slowdown" in both February (one per cent) and January (7.2) growth, the study said.
21/05/14 PTI/Econiomic Times
