Wyoming, Montana, Utah and Colorado have seen the smallest decreases in private jet flights so far this year, according to Argus TRAQPak
Just published data from Argus TRAQPak shows if you want to know where all the private jets have gone, head to the mountains. Wyoming, down 5.8%, Montana (-6.7%), Utah (-7.2%), and Colorado (-10.2%) saw the smallest decreases during the first nine months of the year. Arizona performed the best of non-mountain states with an 11.7% decline. Overall, private aviation flights were down 28.1% through the end of August.
Argus TRAQPak projects a 14% year-over-year deficit this month
Argus TRAQPak, one of the two analysts providing regular updates on business aviation flights, is providing industry followers an optimistic look as we move into Fall.
Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping
Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand
With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.
This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
While July 4th holiday private jet flights increased 5% compared to last year, Argus expects July numbers for private aviation will remain below 2019 levels
Whether or not the rebound in U.S. private jet travel has crested or not remains to be seen.
After a surge during the July 4th holiday – WingX data showed a 5% year-over-year increase – Argus projects when all is said and done, private flights will be 17% behind 2019 for the month.