Global premium travel up 4.9% but growth trend stays weak, says Iata
Singapore
INTERNATIONAL premium travel picked up in April by expanding 4.9 per cent year on year, up from 4.6 per cent in March, although the growth trend remains fragile, according to the International Air Transport Association (Iata).
The accelerated pace of growth in April doesn't necessary mean a sustainable uptick, given slowing global economic growth in May for the second consecutive month, noted the airline association. Premium international air travel volumes have been generally flat since August last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’