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IATA: May premium traffic up 9.5% but business confidence ‘deteriorating steadily’
IATA reported that international premium traffic climbed 9.5% and economy travel rose 5.5% year-over-year in May, which it said are “encouraging signs” that air travel picked up in the second quarter. However, IATA warned against extrapolating the “encouraging May data” owing to figures skewed by the volcanic ash-related airspace closures in April 2010.