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 continued its four-week lead over last year, largely driven by election-related travel in key swing states, where corporate fleets saw a 17% year-on-year increase.
Globally, business jet departures in early November were on par with last year, contributing to a 3% year-on-year growth trend over the past four weeks, although overall 2024 activity remains slightly down.
European activity saw a modest decline, primarily due to Germany's business jet market experiencing a significant "free fall" with double-digit percentage drops compared to last year.
While the Middle East and Africa also recorded declines, South America increased by 8%, and Central Asia saw a notable surge in bizjet arrivals linked to the COP29 climate conference.

See a mistake? Contact us.

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.