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 has significantly decreased, with an 8% decline in the last four weeks compared to the previous year, and the trend is widening.
Charter activity, specifically Part 135 and Part 91 Subpart K fractional jets, has seen double-digit declines, including a 16% year-on-year dip in the U.S. and an 11% drop in Europe.
While year-to-date activity is 2% behind 2022's record peak (driven by post-pandemic demand), it remains 12% ahead of 2019 levels, though ongoing economic concerns suggest further softening.
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.
