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.

Total – Private Jet Flight Activity Analysis – 2023 – Week 18

MarketWeek 18%Change vs. prior week%Change vs. 2022 52-week highWeek52-week lowWeekLast 4 Weeks %Change vs. 2022
Global70,2143%-5%78,503W25 202257,233W51 2022278,215-6%
North America55,1165%-5%58838W41 202243,691W51 2022216,882-7%
USA50,8525%-5%55070W41 202238,832W51 2022199,026-8%
Florida7,1086%-10%9,174W8 20233,744W39 202229,219-13%
California5,0422%-10%5411W18 20224,066W51 202219,912-11%
Texas4,937-2%-9%5,797W43 20223,730W5 202320,280-7%
Europe10,287-2%-9%17,608W26 20226,648W52 202240,724-7%
UK1,3883%-10%2,336W26 2022982W52 20225,378-9%
Germany1,218-9%-20%1,915W26 2022651W52 20225,130-6%
France1,5112%-8%3,032W21 20221,011W52 20225,938-8%
Switzerland621-6%-14%1,209W21 2022549W47 20222,555-8%
Italy1,0509%-7%2,357W28 2022511W52 20224,096-9%
Middle East1,2860%3%2,173W50 2022984W52 20225,218-4%
Africa840-15%25%876W19 2022622W2 20233,34817%
Asia2,039-12%5%3,269W50 20221,786W32 20229,3958%
South America1,3841%9%1,490W6 20231,006W29 20225,60113%
Source: WingX for Private Jet Card Comparisons. Includes Jets and VIP Airliners.

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.

Part 135/91K – Private Jet Flight Activity Analysis – 2023 – Week 18

Market (Part 91K & Part135)Week 18%Change vs. prior wk%Change vs. 202252-week highWeek52-week lowWeekLast 4 Weeks %Change vs. 2022
Global35,4264%-8%41,552W25 202231,174W51 2022139,929-10%
North America27,3136%-7%30,412W52 202222,967W35 2022107,281-10%
USA26,1147%-7%29,057W41 202221,948W35 2022101,633-10%
Florida3,9926%-12%5,792W52 20222,024W39 202216,584-15%
California3,0072%-14%3,410W46 20222,635W51 202212,002-15%
Texas1,964-5%-12%2,494W42 20221,644W27 20228,135-11%
Europe7,303-1%-12%12,962W27 20224,995W52 202229,090-12%
UK949-3%-18%1,772W26 2022735W2 20233,920-16%
Germany823-9%-18%1,295W25 2022516W52 20223,509-7%
France1,1356%-7%2,401W21 2022764W52 20224,378-11%
Switzerland449-10%-17%868W21 2022415W47 20221,896-11%
Italy82313%-7%1,855W28 2022389W52 20223,202-11%
Middle East639-3%-7%1,075W50 2022512W52 20222,600-10%
Africa274-20%31%341W17 2023160W35 20221,0516%
Asia484-15%-5%1,015W50 2022407W30 20222,256-2%
South America25-50%-38%83W45 202213W24 20221617%
Source: WingX for Private Jet Card Comparisons. Includes Jets and VIP Airliners.

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.

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