Argus Traqpak expects 0.5% dip in August private jet flights

Argus Traqpak analysts predict a 0.5% decrease in overall North American flight activity year-over-year this month.

July private aviation activity was down 0.3% year-over-year, according to Argus.

Argus had predicted a 0.2% drop.

“While the industry was mostly status quo, charter activity narrowed its losses during the month, with the segment managing to produce a gain in turboprop flying,” says Argus SVP, Software Travis Kuhn.

He adds, “Large cabin activity was by far the biggest question mark of the month, with a large decline in Part 91 and Part 135 flying for the category. Looking ahead, we anticipate August to look pretty similar to July with a slight decrease from August 2024.”

July private jet activity

Midsize private jets (+2.8%) and Turboprops (+1.1%) saw gains in July.

Light jet flying dipped 0.5%.

However, Large Cabin jets were down 8.9%.

Part 135 flying was down 1.1% year-over-year.

Turboprop flying increased by 4.7%.

Midsize jets were down slightly – 0.3%, while Light jet flying dropped by 1.1%.

Large Cabin flying was down 14.2%.

Traqpak July Private Jet Flight Activity

As has been the case, fractional posted a strong number, with gains in all categories, up 13.5%.

Light jet flying spiked 16.5%, with Midsize jets were up 13.9%.

Large cabins (+7.1%) and Turboprops (+.7.0%) also had strong months.

Part 91 was flying, down 4.3%, and all categories were down.

Large cabin jets took the biggest hit, down 7.3%.

Despite a 2.1% drop, turboprops fare the best in Part 91.

READ: The biggest Charter/Fractional private jet operators so far in 2024