November 6, 2024
After a better than expected April, Argus TraqPak predicts a similar outlook for May.
North American private jet flight activity is expected to dip 1.1% in May compared to 2023, according to analysts at Argus TraqPak.
The good news is that the industry outperformed the Argus forecast for April.
Flying last month dipped by 1.1%, outperforming the call for a 1.4% decline.
“April activity showed some positive signs in North America and around the globe,” says Argus SVP Travis Kuhn.
He adds, “The Part 135 market continues to remain in focus with a 3.2% decline but significant declines in small and large cabin aircraft. Looking into May, we expect a similar story on activity.”
While Charter and Jet Card flights—Part 135—were down 3.2%, Fractionals continued their strong performance, up 7.5% year over year.
Owner flights – Part 91 – was down 2.6%.
Turboprops were the star of April, with a 6.2% gain, the only aircraft category in the black.
Large cabin jets saw a 7.3% dip year-over-year, while Light jets were off 5.4%.
Midsize jets saw a flying spike of 14.8% for the fractional operators compared to 2023.
Turboprops saw the most significant drop, down 26.7%.
Meanwhile, in the Part 135 segment, Large jets were down 15.9%, and Turboprops were up by 8.7%
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