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:
Global business jet activity is experiencing a widening decline, with an 8% decrease in the last four weeks compared to the same period in 2022, and double-digit drops in charter activity in regions like the U.S. and Europe.
The decrease reflects a dip from the record peak in March 2022, which saw boosted demand post-pandemic, and is impacting key hubs like Teterboro Airport, which saw a 16% decline.
Despite the year-over-year decline, overall business jet activity from January to March 2023 remains 12% ahead of 2019 levels, though further softening is anticipated 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.
