North American private jet flights will increase 9.5% this year compared to 2021 with the biggest increases in the first half of 2022
2022 will be another record year for private jet flights in North America, according to analysts at Argus TraqPak.
After a 22.0% gain in January flights compared to last year, Argus expects February to show the highest gains with a 23.6% spike.
From there, Argus expects 2022 numbers to trend closer to 2021, although March is still likely to be up 21.7%, April by 16.%%, and 14.8%, before June growth moderates to 6.9%.
2022 Private Jet Flight Activity Forecast by Month
- January 2022 (Actual) +22.0% from 2021
- February 2022 +23.6% from 2021
- March 2022 +21.7% from 2021
- April 2022 +16.5% from 2021
- May 2022 +14.8% from 2021
- June 2022 +6.9% from 2021
- July 2022 +4.7% from 2021
- August 2022 +4.6% from 2021
- September 2022 +2.8% from 2021
- October 2022 +2.8% from 2021
- November 2022 +2.5% from 2021
- December 2022 +1.8% from 2021
- Source: ArgusTraqPak
Monthly private jet growth in the final trimester is expected to range at 2.8% in September and October before dropping to 1.8% in December.
The optimistic view concurs with a current survey of Private Jet Card Comparisons’ subscribers. It found in the next 12 months, 52% plan to fly privately more than last year, with 43% saying flying will be at similar levels. Only 5% will be flying the private skies less than 2021.
The moderating growth should be welcomed by providers. In the same survey, 41% of subscribers to this website said they experienced delays or cancelations in the past six months.
Operators are hoping for new aircraft deliveries, and more owners making their aircraft available for charter flights will help accommodate the continued growth.