The strong growth trend for private flying hit a speed bump in September
It was a September not to remember, at least for business aviation, according to TRAQPak’s review of year over year flight activity which revealed a 5.2% year over year decline. According to a press release, the results by operational category were mixed with fractional activity providing the only yearly increase, up 1.1% year over year. Part 135 activity (on-demand charter and jet cards) posted a large drop of 10.0%, while Part 91 activity recorded a decline of 3.1% for the period. The aircraft categories were all negative with light jets posting the largest decline from 2017, down 8.1%. Large jets posted a decrease of 6.8%, while mid-size jets posted a 2.5% year over year decrease. Turboprops decreased 4.7%.
Month-over-Month Private Flight Activity
September business aviation flight activity posted a month over month decrease
to finish down 7.2% from August 2018. Results by operational category were all
negative for the month, with the Part 135 segment posting the largest monthly
decrease, down 8.5%. Part 91 flight activity posted a decrease of 6.7% and
Fractional flight activity decreased by 5.8% for the month. Aircraft categories were
all red as well, with turboprops posting the largest decrease, down 9.7%. Light
jets followed with a decrease of 6.7% while mid-size and large jets decreased
6.1% & 4.3% respectively.
Overall, the disappointing September numbers ending a multi-year winning streak in terms of year-over-year growth (see below).
October Private Flight Predictions
TRAQPak analysts estimate there will be a 2.2% increase in overall flight activity year over year in October 2018.