Global
The number of passengers traveling in international premium cabins grew by nearly 9 percent year over year in March
according to data
released this week by the International Air Transport Association. While the
impact of the earthquake and tsunami in Japan and the political uprisings in the
Middle East curtailed premium volumes in March 2011 and therefore
"exaggerated" the gains this year, IATA indicated that premium
travel, underpinned by healthy business demand, remained strong. "We
estimate that premium travel was about 4 percentage points higher this March
than it would have been in the absence of the Arab Spring and Japan
earthquake," according to IATA, "but that still has the market
growing at a solid rate of over 4 percent in March."