After a 3.9% drop in August private jet flying in North America compared to 2022, Argus TraqPak expects a bigger decline in September
Despite cutting its August forecast twice, Argus TraqPak couldn’t catch North American private jet flight activity declines.
Top private jet operators NetJets, Flexjet, FlyExclusive, PlaneSense countered the downturn; increased flight hours in the first half of 2023, according to Argus TraqPak
It wasn’t only NetJets. Flexjet, FlyExclusive, and PlaneSense were among the biggest charter and fractional operators to counter headwinds growing flight hours in the first half of 2023.
After North American private jet flight activity dropped 3.6% in July, Argus TraqPak is projecting activity to be a tenth of a point below 2022’s record activity
Argus TraqPak analysts estimate a 0.1% decrease in overall North American flight activity year over year in August 2023.
Originally, Argus had expected July private jet flight activity in North America to show a year-over-year increase for 2023
Argus TraqPak analysts forecast a 2.7% decrease in overall North American flight activity year over year in July 2023.