Despite a dip in 2023, private jet flight activity in the U.S. should be 14.4% higher than 2019’s pre-Covid totals.
Argus TraqPak analysts are forecasting U.S. private jet flight activity will slide by 1% in 2023 compared to 2022.
The small decline would mean that 2023 total flight activity will continue to exceed 2019’s pre-Covid flight activity by 14.4%.
The analysts predict that total year-over-year flight activity will see six positive months and six negative months.
After a 1.3% gain in 2023 in January, Argus expects February, March, April, and May are expected to see declines in private jet flight activity.
April is expected to have the biggest dip, with flight hours down 7.2% from last year.
After a small increase in June, Argus expects a six-tenths of a point drop in July.
Argus then expects August, October, November, and December to be in the black.
In offering its predictions, Argus noted, “If the last three years have proven anything, it is that nothing is certain. Still, our TraqPak analysts have accepted that challenge, reviewed all of the known variables that impact business aviation, and we have arrived at our 2023 forecast.”
Last year, Argus forecasted a 9.5% increase for 2022 over 2021.
In the end, 2022 ended up 5.1% ahead of 2021.
