Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%
|Compared to 2020||Compared to 2019|
|January||– 12.3%||– 12.6%|
|February||– 14.8%||– 15.0%|
|March||+ 21.6%||– 16.9%|
|April||+ 194.9%||– 15.8%|
However, when comparing the forecast to 2019 numbers, the expectations are less impressive. March 2021 flight hours are expected to be down 16.9% while April will be 15.8% off from two years prior.
Still, Argus gave an overall positive view, noting, “We like what we see.”
In an overview, Argus said, “Once we finally wave goodbye to 2020 we expect a fairly flat January and February, with activity remaining strong in states like Arizona and Florida and weak in California and New York.The strength we can expect to see from Arizona, Florida and Texas should help to sustain
business aviation at its current levels.