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 saw a significant surge during the election run-up, particularly in swing states, leading to a fourth consecutive week of year-over-year growth, though demand softened post-election.
Globally, business jet departures in Week 45 were on par with last year, but year-to-date activity for 2024 is down by 1 percent.
Regional performance was mixed, with notable declines in Germany, the Middle East, and Africa, while South America and Switzerland saw increases, and Central Asia experienced a surge in arrivals for the COP29 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.