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

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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 declining significantly compared to last year, attributed to a challenging charter environment, negative sustainability perceptions, and a deteriorating macroeconomic outlook.
Specific data shows global business jet activity down 9% from May 2022, with similar drops in North America (10%) and Europe (11%), though still up from 2019 levels.
The industry faces growing pressure over sustainability, evidenced by climate activist protests disrupting major events like EBACE, despite the sector's commitment to reducing carbon emissions.
While many markets are seeing declines, activity outside North America and Europe is trending ahead of last year, though specific company issues like the failure of Jet It also impact overall charter performance.

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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.