August Bizjet Activity Robust, but Decreasing

Despite overall growth, bizjet travel is slowing as summer ends, according to new data from WingX and FAA.

Wednesday, September 07, 2022 at 04:35 PM ET

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The Cessna Citation Latitude is one of the jets that have seen the largest increase in fleet size this year. [Courtesy: Textron Aviation]

Key Takeaways:

Business aviation activity, while remaining significantly higher than pre-pandemic levels, is showing signs of a slowdown from its recent peak, with August seeing minimal growth and late-month declines in departures and charter flights.
This tapering off in business jet travel, including two consecutive months of declining departures from top airports, is being monitored by analysts as a potential indicator of a broader economic slowdown.
Despite the recent decreases, North America has still recorded record flight activity year-to-date, with almost 2 million business jet sectors flown, representing an 18 percent increase over 2021.

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Business aviation activity is starting to see a slowdown from pandemic highs, according to a recent report by WingX.

Although business and private jet travel remains 20 percent higher than where it was last year, WingX suggests that things might taper off soon. “The big question is whether flight demand can weather the start of autumn and [a] swiftly deteriorating economic outlook in the next few months,” the bulletin said.