Amid fears of slipping to negative growth, business aviation
activity saw a slight gain year-over-year in January
ARGUS TRAQPak’s review of year-over-year flight activity indicates that January 2019 recorded an increase of 0.7%. The results by operational category were mixed with fractional operator activity, again, posting the largest yearly increase, up 4.9% year over year. NetJets and Flexjet make up about 80% of all fractional private jet flights. Part 91 activity posted an increase of 1.0%, while Part 135 activity declined for the eighth straight month, down 0.9%.
ARGUS TRAQPak expects a 0.6% dip for the Festive Season and a 1.1% increase in private flights during Thanksgiving 2018
While the economy is booming, it apparently won’t have much impact on how many folks will be taking a private jet home for the holidays or away for vacation this year according to the ARGUS TRAQPak 2018 Holiday Business Aircraft Activity Forecast. From December 22 to December 31 the expectation is a year over year decrease at 0.6%. Slightly more people will be flying during the Thanksgiving break with a thin increase of 1.1% over 2017 projected. The forecast comes after September business aviation flying dipped in September due to a slow Labor Day and Hurricane Florence.