If there was an early March surge in private jet travel, it was lost and more by the end of the month. Argus TRAQPak is expecting flights to drop by 27.8%.
The stunning prediction comes as part of the look-ahead in its recap of February private aviation flights.
TRAQPak’s review of the year over year flight activity (February 2020 vs. February 2019) indicates that February 2020 recorded a decrease of 0.2% despite an extra day in the month. Adjusting for leap year, activity was off 2.6% from February 2019.
The results by the operational category were mixed with Fractional activity posting the only yearly increase, up 7.2% from 2019. This was the 18th
straight yearly increase for the segment.
Part 135 flight activity (on-demand charter and jet cards) recorded a slight decline of 0.7% from February 2019 while Part 91 activity was down 1.7%.
The aircraft categories were mostly red for the month, with light jets posting the only yearly increase, up 4.4%. Midsize and large jets saw declines of 0.8% & 0.4% respectively, while turboprops dropped 3.0%.
Find the perfect solution for your private aviation needs
Save Time. Buy Confidently.
Receive an apples-to-apples comparison of programs that meet your needs from more than 500 jet card and fractional options covering 65 points of differentiation and over 40,000 data points.
