A new report from data research company WingX shows a widening decline in business jet activity compared to the same weeks last year. [Courtesy: Pilatus]
Key Takeaways:
Business jet activity is experiencing a significant and widening decline globally, with an 8% decrease in the last four weeks compared to the previous year, according to a WingX report.
This downturn includes double-digit drops in charter activity, such as a 16% year-on-year dip in the U.S. during mid-March, and similar declines across North America and Europe.
While year-to-date activity remains 12% ahead of 2019 levels, the current softening is attributed to record-high activity in March 2022 and is expected to continue due to emerging global financial concerns.
Business jet activity is not only down, but the decline is widening. That’s according to a new report from data research company WingX, which compared 2023 activity to that reported during the same weeks last year.
According to the report released Thursday, global business jet activity decreased by 8 percent in the last four weeks compared to the same time period a year ago.
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Amelia Walsh is a private pilot who enjoys flying her family’s Columbia 350. She is based in Colorado and loves all things outdoors including skiing, hiking, and camping.
