Premium demand – the belt tightens

Here are some interesting figures on the decline of international business travel just released by the UK CAA – the study covers 2008 and shows the extent to which business travel was already on the decline last year.

IATA, while offering a more upbeat prognosis that a floor might have been reached in the sharp cargo decline after a steadying in falls, is warning the slump in premium passenger traffic has not yet hit rock-bottom after premium travel was down almost a fifth in March.

For more on the current mood within the industry – which I think is succintly summed up by business travel executives during a recent ACTE event as “flat is the new up” – read our latest story here and comment piece here.

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