Private Jet Flight Activity Analysis – 2024 – Week 40

Worldwide private jet activity in Week 40 dropped by 3% week-to-week, with 70,878 movements.

The WingX data shows flying 4% below the same period in 2023.

WingX Managing Director Richard Koe says, “Business jet demand is navigating turbulent waters, with the approach of the U.S. elections, outgoing and incoming hurricanes across the Southeast of the country, economic stagnation in Europe, and escalating conflicts in the Middle East. The combined headwinds are clearly widening the declines compared to 2023, which was a reset from the post-Covid high points in 2022.”

Private jet flight activity YTD

Year-to-date fractional operators accounted for 18.3% of global flights, up 10% year-over-year.

Aircraft management charter operators were down 1.2% through the 2024’s first nine months, plus six days.

They held a 23.9% share of flying.

Branded charter operators saw flying down by 9.7%, leaving the group with a 15.6% share of the total market.

Corporate fight departments, 17.9% of the total market, saw the most significant drop, down 12.0%.

Private flight departments, with a 12.0% share, were down 5.6% in segments.

The three biggest U.S. states for private flights, Florida (-1.4%), Texas (-0.8%), and California (-2.5%), all saw year-over-year year-to-date drops.

New York State (+0.3%) was the only state in the top seven to be in the black.

Overall, the worldwide private jet market is down 2% year-to-date per WingX.

Week 40 private jet flying

Back to Week 40, the U.S. (49,252 segments) was flat sequentially and 2% down from last year.

Florida (5,190 segments) saw a 28% week-to-week jump but was still 3% below last year.

Europe (11,296) dropped 8% week-to-week, putting flying 4% under 2023.

Meanwhile, the Middle East (-22%) and Africa (-25%) saw large declines year-over-year.

The two regions have less than 40% of Florida’s activity in a typical week.

PRIVATE JET FLIGHT ACTIVITY ANALYSIS – 2024 – WEEK 40

Source: WingX for Private Jet Card Comparisons. Includes Jets and VIP Airliners.

Fractional and charter operators (36,700) were also in the red, dropping 3% sequentially and 2% year-over-year.

U.S. flying (26,246 segments) was down 1% from Week 39 and 2% under 2023.

In Europe (8,087 segments), flying was down 8% week-to-week and 3% year-over-year.

PART 135/91K – PRIVATE JET FLIGHT ACTIVITY ANALYSIS – 2024 – WEEK 40

Source: WingX for Private Jet Card Comparisons. Includes Jets and VIP Airliners.

South American private jet charter and fractional departures saw a 48% week-to-week drop, 36% down from last year.

Alas, it was small numbers – 23 total flights for the week ending Oct. 6, 2024.

Over the past month, activity in South America was up 12% year-over-year on 132 departures.