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 is beginning to slow down from its pandemic-era highs, with August showing minimal year-over-year growth and late-August departures declining.
This tapering off, observed for the second consecutive month at major U.S. airports, is monitored by analysts as an indicator of a "swiftly deteriorating economic outlook."
Despite the recent deceleration, North America has recorded overall record business jet activity this year, largely driven by significant growth in the U.S. market compared to pre-pandemic levels.
Mid-size jets, such as the Bombardier Challenger 300/350 and Cessna Citation Excel, remain dominant in business aviation operations, with some models seeing increased usage.

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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.