ARGUS TraqPak expects 2.7% drop in October private jet flights

Analysts from ARGUS TraqPak expect North American private jet flight activity to dip 2.7% in October.

That follows a 3.4% drop in September, slightly less than its forecasted 3.6% decline.

“Another month of status quo for business aviation. North America and Europe remain in a familiar trend, while the remaining regions are looking very strong in 2024. We say it every month, but our focus remains on the Part 135 market for signs that this cooling period is coming to an end. Right now, the market is stable, but it continues to see lower demand in the large cabin market,” ARGUS Senior Vice President Travis Kuhn says.

Large cabin flying was down 8.1% last month.

On the flip side, midsize jet activity was off just 0.8%.

Light jets were down 2.3%, while turboprops dropped 4.7%.

Fractional operators continue to buck the downward trend.

They saw a flying jump of 6.9% in September.

Light jets posted the biggest gain, up 12.0%.

Large cabin flying was up 7.9%, while midsize jets increased 5.8%.

Turboprops was the only segment in the red, down 2.9%.

Charter and jet card flying – Part 135 – saw a 5.4% drop overall.

Large cabin flights were down 11.1.%, the most significant drop, while midsize jets were only 0.8% off 2023 totals.

Light jet flying dropped 8.2%, with turboprops down 4.6%.

Part 91 flying was the poorest performer, year-over-year, down 5.6%.

Large cabin jets (-8.4%) and midsize jets (-7.3%) led the decline.

Turboprop flying was down 5.0% year-over-year, while light jets were off 3.3%.