ARGUS Traqpak predicts 1.6% bump in December flying

After a 3.8% drop in November, ARGUS Traqpak analysts expect a 1.6% year-over-year increase in the final month of 2024.

ARGUS Senior Vice President Travis Kuhn tells Private Jet Card Comparisons, “November activity in North America was expected to decline, but it slowed a bit more than planned.”

He adds, “Large cabin activity continues to be a catalyst for declines, as both Part 91 and Part 135 reported a double-digit decline in the cabin class for the month. Looking ahead, we expect the first half of December to be up slightly from last year, with an overall expected gain of 1.6% for the month.”

According to ARGUS, Large Cabin jets saw a 12.4% dive in November, with Midsize Jets off 3.5%.

Light Jets (-1.7%) and Turboprops (-1.2%) were also in the red.

Fractional operators again led the mark with a 5.1% year-over-year November increase.

Conversely, Large Jets (+7.6%) saw the biggest gain, just ahead of Light Jets at +7.5% growth.

Midsize Jets were 4.3% ahead of last year, with Turboprops down 1.8%.

Part 135 operators were down 3.5%, although Turboprops were up 2.0%.

Large Jets saw the most significant year-over-year drop, down 16.8%.

Midsize Jets were down 2.3%, while Light Jets fell 1.2%.

Part 91 flying had the biggest drop, down 7.5%.

Large and Midsize Jets were both 12.6% below 2023 levels for November.

Small Jets were down 5.2%.

Turboprops faired the best but still flew 3.5% less than a year ago.