Worldwide private jet flight activity was up 3% week-to-week but still 5% below 2022’s numbers in Week 18.
There were 70,214 private jet flights in Week 18 as global private jet flight activity increased by 3% week-to-week.
Still, private flying for the week ended May 7, 2023, was 5% under 2022’s total.
Over the trailing month, worldwide private jet flights were down 6% compared to last year’s records.
The U.S. accounted for 50,852 flights, up 5% from Week 17 and 5% down from 2022.
Over to Europe, the 10,287 flights were down 2% week-to-week and minus 9% from last year.
Market | Week 18 | %Change vs. prior week | %Change vs. 2022 | 52-week high | Week | 52-week low | Week | Last 4 Weeks | %Change vs. 2022 |
Global | 70,214 | 3% | -5% | 78,503 | W25 2022 | 57,233 | W51 2022 | 278,215 | -6% |
North America | 55,116 | 5% | -5% | 58838 | W41 2022 | 43,691 | W51 2022 | 216,882 | -7% |
USA | 50,852 | 5% | -5% | 55070 | W41 2022 | 38,832 | W51 2022 | 199,026 | -8% |
Florida | 7,108 | 6% | -10% | 9,174 | W8 2023 | 3,744 | W39 2022 | 29,219 | -13% |
California | 5,042 | 2% | -10% | 5411 | W18 2022 | 4,066 | W51 2022 | 19,912 | -11% |
Texas | 4,937 | -2% | -9% | 5,797 | W43 2022 | 3,730 | W5 2023 | 20,280 | -7% |
Europe | 10,287 | -2% | -9% | 17,608 | W26 2022 | 6,648 | W52 2022 | 40,724 | -7% |
UK | 1,388 | 3% | -10% | 2,336 | W26 2022 | 982 | W52 2022 | 5,378 | -9% |
Germany | 1,218 | -9% | -20% | 1,915 | W26 2022 | 651 | W52 2022 | 5,130 | -6% |
France | 1,511 | 2% | -8% | 3,032 | W21 2022 | 1,011 | W52 2022 | 5,938 | -8% |
Switzerland | 621 | -6% | -14% | 1,209 | W21 2022 | 549 | W47 2022 | 2,555 | -8% |
Italy | 1,050 | 9% | -7% | 2,357 | W28 2022 | 511 | W52 2022 | 4,096 | -9% |
Middle East | 1,286 | 0% | 3% | 2,173 | W50 2022 | 984 | W52 2022 | 5,218 | -4% |
Africa | 840 | -15% | 25% | 876 | W19 2022 | 622 | W2 2023 | 3,348 | 17% |
Asia | 2,039 | -12% | 5% | 3,269 | W50 2022 | 1,786 | W32 2022 | 9,395 | 8% |
South America | 1,384 | 1% | 9% | 1,490 | W6 2023 | 1,006 | W29 2022 | 5,601 | 13% |
Worldwide, private jet flight activity increased by 4% for fractional and charter operators, with 35,426 flights.
The weekly gain was 8% under 2022.
In the U.S., charter and fractional operators flew 26,114 segments, 7% down from 2022.
Market (Part 91K & Part135) | Week 18 | %Change vs. prior wk | %Change vs. 2022 | 52-week high | Week | 52-week low | Week | Last 4 Weeks | %Change vs. 2022 |
Global | 35,426 | 4% | -8% | 41,552 | W25 2022 | 31,174 | W51 2022 | 139,929 | -10% |
North America | 27,313 | 6% | -7% | 30,412 | W52 2022 | 22,967 | W35 2022 | 107,281 | -10% |
USA | 26,114 | 7% | -7% | 29,057 | W41 2022 | 21,948 | W35 2022 | 101,633 | -10% |
Florida | 3,992 | 6% | -12% | 5,792 | W52 2022 | 2,024 | W39 2022 | 16,584 | -15% |
California | 3,007 | 2% | -14% | 3,410 | W46 2022 | 2,635 | W51 2022 | 12,002 | -15% |
Texas | 1,964 | -5% | -12% | 2,494 | W42 2022 | 1,644 | W27 2022 | 8,135 | -11% |
Europe | 7,303 | -1% | -12% | 12,962 | W27 2022 | 4,995 | W52 2022 | 29,090 | -12% |
UK | 949 | -3% | -18% | 1,772 | W26 2022 | 735 | W2 2023 | 3,920 | -16% |
Germany | 823 | -9% | -18% | 1,295 | W25 2022 | 516 | W52 2022 | 3,509 | -7% |
France | 1,135 | 6% | -7% | 2,401 | W21 2022 | 764 | W52 2022 | 4,378 | -11% |
Switzerland | 449 | -10% | -17% | 868 | W21 2022 | 415 | W47 2022 | 1,896 | -11% |
Italy | 823 | 13% | -7% | 1,855 | W28 2022 | 389 | W52 2022 | 3,202 | -11% |
Middle East | 639 | -3% | -7% | 1,075 | W50 2022 | 512 | W52 2022 | 2,600 | -10% |
Africa | 274 | -20% | 31% | 341 | W17 2023 | 160 | W35 2022 | 1,051 | 6% |
Asia | 484 | -15% | -5% | 1,015 | W50 2022 | 407 | W30 2022 | 2,256 | -2% |
South America | 25 | -50% | -38% | 83 | W45 2022 | 13 | W24 2022 | 161 | 7% |
There were 7,303 fractional and charter flights in Europe, 12% down from last year.
Reviewing the results as we head into the second trimester of 2022, WingX Managing Director Richard Koe says, “The year-on-year deficit appears to be narrowing as we come out of Spring, reflecting the fact that the first Quarter of 2022 was a one-off and exceptional spike in demand for private jet travel.”
Earlier today, I was in Fort Lauderdale for the International Aircraft Dealers Association AGM.
The dealers in the room account for over 40% of global preowned aircraft sales.
Asked about aircraft values for the next six months, 57% said they would remain stable.
A further 43% believe they will decline, which leaves 0% who expect the price of private jets to increase.
Shortly afterward, both Wheels Up and Magellan Jets announced they were cutting their prices on their fixed and capped rate jet card programs.
In fact, Wheels Up is also reducing some daily minimums, meaning flight prices will fall as much as 26%.
NetJets closed a busy day by saying it has agreed with Embraer to add up to 250 of its Praetor 500 jets to its fleet.