Private Jet Flight Activity Analysis – 2024 – Week 48

Worldwide private jet activity (67,756 segments) was flat on a year-over-year basis despite a week-to-week 9% decline.

U.S. flying for Week 48 (46,224) was down 13% week-to-week and 2% year-over-year.

Turkey of a market?

Bears must note that the market is not a turkey, with WingX attributing the week’s red numbers to a later Thanksgiving holiday.

The 199,766 departures over the trailing four weeks were a 2% gain compared to 2023.

European private jet flight activity (8,336 segments) slipped 3% sequentially and 2% year-over-year.

Asia and South America posted year-over-year gains, although their combined departures for the week (4,577) were still less than the U.S. state of Texas (4,869).

PRIVATE JET FLIGHT ACTIVITY ANALYSIS – 2024 – WEEK 48

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

Fractional and charter operators countered the overall market.

Worldwide departures (36,254) slipped just 1% and were 11% higher than in 2023.

Over the past month, they were 3% ahead of last year.

U.S. charter and fractional departures were down 1% sequentially.

The 27,454 segments showed a 13% increase compared to a year ago.

PART 135/91K – PRIVATE JET FLIGHT ACTIVITY ANALYSIS – 2024 – WEEK 48

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

By contrast, European charter and fractional flying (5,489 segments) dropped 5% sequentially compared to last year.