WingX Reports Bizjet Activity Continues To Decline

The slump comes as charter operators face a ‘challenging environment,’ the data tracking company said.

Thursday, June 01, 2023 at 06:13 PM ET

Verified

According to WingX’s weekly analysis, global business jet activity is down by 9 percent compared to the same dates in May 2022. [Credit: Adobe Stock]

Key Takeaways:

Global business jet activity is significantly declining compared to the previous year, though it remains above pre-pandemic 2019 levels.
This downturn is attributed to a challenging charter environment, increasing climate activism and negative perceptions surrounding sustainability, and a deteriorating macroeconomic environment.
While North America and Europe show declines, activity outside these regions is trending up, and North American flight patterns indicate a shift towards medium-length flights with long-haul trips decreasing.

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Business jet activity continues to decline amid a “challenging environment” for charter operators, according to new flight activity insights from data tracking company WingX.

According to WingX’s weekly analysis, global business jet activity is down by 9 percent compared to the same dates in May 2022. The drop is now at 5 percent compared to last year but still up 17 percent from 2019. When it comes to global scheduled airline activity, the sector is trending up 10 percent from last year but still 14 percent behind 2019 levels.