Argus Traqpak forecast this month will show a third straight month-over-month decline to 2021’s record North America private jet flight activity
Argus Traqpak analysts predict a 2.2% decrease in overall North American flight activity year over year in September 2022.
In August, flight activity dipped 0.9% from 2021, a second straight monthly decline after more than a year of monthly record-setting.
August North America Private Jet Flight Activity
“The last two months have followed a very similar pattern of slowing growth from 2021, but the overall industry continues to remain at levels not seen prior to the pandemic. Charter activity in the United States has slowed, but we have seen corporate activity begin to pick up, which is a welcomed improvement. I would expect similar activity patterns between now and December,” says Argus Senior Vice President Travis Kuhn.
August 2022 results by operational category were mostly negative for the month, with Part 91 activity recording the only yearly increase after finishing up 5.6% from August 2021.
The fractional activity was near flat for a second straight month as the segment showed a decline of 0.6%.
The largest decrease was reported in the Part 135 segment, which finished down 8.1% year over year.
The aircraft categories were mixed, with large cabin activity flat from August 2021; there were 19 more flights on large jets in 2022 compared to 2021.
The light jet market followed with a similar change after showing a decline of 0.1% for the period.
Midsize jets declined 1.7%, while turboprops slipped 1.1%.
The only individual gains occurred in the Part 91 segment, as all aircraft cabin sizes recorded yearly increases, led by Part 91 midsize aircraft, which reported a 10.1% yearly increase.