IATA released its assessment of premium and economy travel for August 2014
There was also a strong expansion in passenger numbers between August and July, which counters the negative trend seen in previous months;
The expansion in passenger numbers is consistent with signs of improving business conditions, after a period of weakness in international trade and business confidence earlier in the year;
The improvement in international passenger numbers has been supported by strong growth on markets like Europe – Far East (6.7%) and North and Mid Pacific (7.1%). The recent weakening of the Eurozone economy is yet to have an obvious impact on air travel growth;
By contrast, air travel within Far East and markets connected to South America continue to show weakness;
Economic and political turmoil in Thailand has damaged tourism demand over recent months and Malaysia air travel has been impacted by tragedies related to the flag carrier;
The North America – South America market has been hit by capacity cuts to Venezuela as well as weakness in key economies like Brazil and Argentina.