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A just-published white paper from Argus TRAQPak shows the dramatic drop in private aviation flights. It also paints a difficult picture looking forward.
If there was an early March surge in private jet travel, it was lost and more by the end of the month. Argus TRAQPak is expecting flights to drop by 27.8%.
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
The first month of the new decade began the way the old decade ended. The results were mixed. There were clear winners and losers. And, it’s hard to say what it means, except that private jet travel continues to ebb and flow.
TRAQPak’s review of year-over-year flight activity from January 2020 compared to January 2019 indicates a 0.5% drop.
Activity by fractional operators was the clear star, jumping 6.6% compared to a year go.
The TRAQPak forecast from Argus indicates a strong start for the new year, at least as it pertains to private aviation flying.
TRAQPak is predicting February to post a yearly gain of 5.9%, while Q1 2020 is anticipated to rise 4.2% year over year.
