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Demand for first and business class tickets, accounting for nearly one-third of most airlines’ revenues, remains weak and an improvement in November was a blip, the International Air Transport Association said. According to Reuters, premium tickets are mainly bought by passengers traveling on business and such demand is correlated with world trade, so economic recovery in Asia, Latin America and some other regions could boost premium travel. The number of passengers traveling on first or business the 9.3% decline in October but this apparent improvement was entirely due to the slump in business travel a year earlier. From month-to-month there was a slight fall in passenger numbers. The industry body noted that economy travel was growing positively low levels in early 2008.Since economy travel represents 91% of total international passenger numbers, it has pulled total passengers travel back into positive territory to stand 2.4% higher in November represent less than 10% of total travel, they account for about 30% revenues for most airlines.
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