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Premium pain

Latest figures from air transport association IATA make clear the extent of the downturn in business traffic, but also appear to confirm signs of stabilisation - as suggested by British Airways' most recent traffic statistics.

The headline falls are still enough to trigger a double take, however. Premium traffic was down 21.3% year on year in June, against 23.6% in May, and IATA put the decline in revenue from premium travel at close to 40%.

That is quite a hit when the forward cabin provides anything up to one third of the income of major carriers.

The decline in passengers across all classes was 7.1% in June against 9.2% in May.

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