Private Jet Flight Activity Analysis – 2023 – Week 14

The global private jet activity was down 5% in Week 14 from last week to 65,681 segments, according to WingX. That’s 16% below the same week in 2022.

Worldwide private jet flying trails last year’s levels by 10% over the trailing four weeks.

Except for the Middle East (up 8% with 1,152 departures), every segment we track showed a week-to-week decline.

The Easter holidays helped drive Europe lower week-to-week by 8% with 8,880 segments. That’s 15% below last year.

Over the past month, Europe private flights are down 7%.

In the U.S., there were 47,299 flights for the week ending April 9. That’s 19% down from 2022 and 12% off, looking back at the past four-week period.

Total – Private Jet Flight Activity Analysis – 2023 – Week 14

In the world of charter and fractional operators, flying increased by 1% week-to-week with 34,306 flights.

That was still 17% down from 2022 for the same week. Over the past month, charter and fractional flights were down 15%.

In the U.S., charter and fractional operators saw a 2% week-to-week gain with 25,303 segments, 18% off 2022 for the week, and 16% down for the trailing four weeks.

Part 135/91K – Private Jet Flight Activity Analysis – 2023 – Week 14

However, WingX Richard Koe tells us not to be sad or worried.

He says, “In the last four weeks, worldwide charter and fractional activity is trending 15% behind the same dates in 2022, but still up 24% versus comparable 2019.”

He adds, “Scheduled airline activity continues to recover but still trends 16% below April 2019.”

While Goldilocks may consider current demand “just right,” fasten your seatbelts.

Koe notes, “The deficits compared to 2022 are widening as we move into Q2-2023. This reflects a weakening economic environment and sensitivity to the cost of flying private.”

Luckily for flyers, costs seem to be pulling back. Jet card rates dropped 5.2% in Q1.