Thursday, March 17, 2011

Japan disaster to hit premium air travel-IATA

"It is too soon to judge how the Japanese earthquake and tsunami in March will change air travel, but the market is big enough to have a materially adverse impact on the international total for that month," IATA said in a statement.

IATA, which represents over 240 airlines, made the comments in its monthly premium monitor as it said growth in demand for business and first class tickets on international flights increased to 8.1 percent in January from 7.1 percent in December.

"Momentum was strong at the start of 2011 and rising business confidence points to extra gains in the months ahead," IATA said, adding that unrest in the Middle East and the Japanese disaster would likely hit February and March figures.

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