Report: Run-Up to U.S. Election Showed Increase in Business Jet Departures

Central Asia bizjet arrivals are peaking ahead of the COP29 climate conference in Baku, Azerbaijan.

Caleb Revill

Thursday, November 14, 2024 at 03:49 PM ET

Verified

Edited By:

Travis Tingle

Fractional flying is still moving ahead with almost a quarter of all sectors flown so far this month, according to a WingX weekly global market tracker report. [Credit: iStock]

Key Takeaways:

U.S. business jet activity recorded a four-week lead over last year, fueled by a significant increase in pre-election flights in key swing states, particularly by corporate fleets, although demand has softened post-election.
Globally, week 45 business jet departures matched last year's figures, but Europe saw a 1 percent decline, largely due to a substantial and consistent drop in Germany's bizjet market throughout the year.
Other regions presented varied trends, with decreases in the Middle East and Africa, an 8 percent increase in South America, and a surge in Central Asian arrivals linked to the COP29 climate conference.

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November 4-10 marked the fourth week in a row that business jet activity held a lead over last year, according to a WingX weekly global market tracker report.

WingX reported that the run-up to the U.S. election had a positive impact on bizjet activity, though demand has weakened in the few days postelection. From September 30 to November 10, activity in key swing states steadily rose as election week neared. The report said that this momentum peaked in weeks 42 and 43, two to three weeks out from Election Day.