Argus predicts 4.2% growth in private jet flights for Q1 2020

Also, the busiest private jet airports for the holidays

The TRAQPak forecast from Argus indicates a strong start for the new year, at least as it pertains to private aviation flying.

TRAQPak is predicting February to post a yearly gain of 5.9%, while Q1 2020 is anticipated to rise 4.2% year over year.

The Fractional segment is anticipated to post the largest quarterly rise, up 10.7% from 2019.

Part 135 and Part 91 flight activity are expected to record strong gains as well, up 3.3% and 3.1% respectively for the quarter, says Argus.

The prediction also includes 1.4% yearly growth for December 2019.

Holiday travel projected to increase by 0.1%

In terms of holiday travel, TRAQPak anticipates that the market will remain mostly flat from the previous year, up 0.1%.

December 23rd is predicted to record the largest year over year growth, up 14.5% from 2018, while the 22nd is expected to see the largest drop, down 24.4% from 2018.

Overall, 10 of the 14 days, surrounding Christmas & New Year’s, are expected to rise year over year.

In terms of airports, the researcher expects most of the top airports to remain the same during the holiday period.

Teterboro is anticipated to see 1,611 arrivals, followed by Palm Beach at 1,301 and Van Nuys at 1,154.

Eagle, Colorado is 10th on the list with 838 expected arrivals and Atlanta’s DeKalb airport rounds out the Top 20 with 630 anticipated arrivals.

Busiest airports for private jet flights – Holidays 2019

1. KTEB – New York – Teterboro, New Jersey
2. KPBI – Palm Beach
3. KVNY – Los Angeles – Van Nuys
4. KAPF – Naples, Florida
5. KLAS – Las Vegas – McCarran
6. KDAL – Dallas – Love
7. KOPF – Miami – Opa-Locka
8. KHPN – Westchester County – White Plains
9. KAPA – Denver – Centennial
10. KEGE – Eagle, Vail
11. KHOU – Houston Hobby
12. KSLC – Salt Lake City
13. MYNN – Nassau, the Bahamas
14. KFLL – Ft. Lauderdale International
15. KASE – Aspen
16. KSDL – Phoenix – Scottsdale
17. KSNA – Orange County -John Wayne, California
18. KFXE – Ft. Lauderdale Executive
19. KBCT – Boca Raton
20. KPDK – Atlanta DeKalb

https://privatejetcardcomparisons.com/payment-details/