IATA’s assessment of premium and economy travel in August shows that passenger travel on international markets was up 5.4% in August year-on-year, reflecting strong growth on the Within Europe travel market. Both travel classes showed an above-trend rise in August year-on-year – premium travel was up 5.3% and economy travel rose 5.4%. Economy class travel – the more price sensitive travel market – has experienced stronger growth so far this year, supported by lower fares over recent months. Growth in premium international travel has been subdued due to weakness in business travel demand drivers, particularly in emerging markets. The major
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