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Passengers traveling on premium tickets in May weredown 23.6 This compares with a 22 percent dip in Aprilo and a 19.2 percent fall during the first Premium travel numbers have been in declinw now for 12 consecutive months. Economhy travel numbers were also downby 7.6 percent, and total passengeer numbers on international markets were down 9.2 percenrt in May after a fall of 8.2 percent in the firstr quarter. Airlines also continuec to report losses during the periodthrough mid-2009 and do not expecy conditions to improve until year end, at the IATA said. The deep recession has maintained downwarrd pressure on traffic volumesand yields.
Effortzs to resize capacity to better match demand and cut costzs have helped but have traileds behind the fallin traffic. Benefits from lower fuel costs have been outweigheed by lower traffic and othet factors such as passengers trading down to lowerpricede seats, IATA said. After estimate industry losses of morethan $3 billionb in the first quarter, more than 88 percent of carrierws believe profitability also fell in the second
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