Private jet flight activity in North America showed “signs of stability,” according to Argus TraqPak’s January report.
The North American market reported a 1.3% yearly increase in activity from January 2022 and remained up 14.4% from January 2020, according to Argus TraqPak.
The results by operational category were mostly positive for the month, with Fractional activity recording the largest increase, climbing 12.7% from January 2022.
Part 91 flying rose 4.4% for the month, led primarily by double-digit growth in the large cabin segment.
Part 135 activity was down 5.7% from last January.
The aircraft categories were mostly positive, with large cabin aircraft posting the largest monthly increase in activity, up 6.8% from January 2022.
Turboprops followed with an increase of 2.5%, and mid-size jets finished flat after recording two fewer flights last month than last year.
Light jets posted the only noticeable decline in activity, down 1.8% year over year.
Four different segments recorded double-digit increases in activity, but the largest increase occurred in the mid-size cabin fractional market, which was up 14.2% from 2022.
“January showed signs of stability within the North American market, falling closely in line with our original forecast for the month. This may be an early indicator that the cooling we saw in the second half of 2022 is beginning to subside. We still expect activity to be down year over year for the first few months of 2023, but it should be minor as the industry continues to operate at very healthy levels,” says Argus SVP Travis Kuhn.
You can read historical private aviation flight activity data back to 2007 here.