Private jet travel to lag pre-COVID levels through April 2021

Argus

While private jet flight numbers are expected to show impressive year-over-year gains from March 2021 onwards, they will still fall short of pre-pandemic levels, according to the latest Argus TRAQPak forecast

Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%

Charter and fractional private jet operators lead November results

Argus

Part 135 charter operators saw November year-over-year totals off by just 6.4% while fractional operators were down 14.5% and Part 91 flying was 24.1% below 2019

Argus TRAQPak analysts predict a year-over-year drop in private jet flights of 18.5% during December

The latest Argus TRAQPak monthly report shows Part 135 charter operators are continuing to see the strongest recovery.

Part 135 private jet charter flights break 90% mark in October

Argus

Data from Argus and WingX shows private jet charters drew within 10% of pre-COVID-19 levels for the first time last month

Data from Argus shows Part 135 private jet charters continued to push the recovery of business aviation last month. In October, there were 802,054 flights, 8.7% below 2019 levels. That includes 14 days in which traffic was higher than the same date last year.

Understanding private jet charter pricing

Private Jet Charter pricing

If flying privately makes travel safer and easier, figuring out private jet rental pricing can be confusing. We explain some of the variations

You want to charter a private jet from New York to Aspen and you want a large-cabin aircraft. A Gulfstream GIV or something similar sounds nice. You want the lowest price, and you notice checking around there is a big variance. Quotes for GIV and G450 types vary by as much as $25,000! You see other large-cabin jets with prices for much less, and then you see prices double your Gulfstream quotes.

NetJets, Wheels Up, Flexjet, and Vista Global’s XOJET lead the list of Biggest U.S. Private Jet Operators

Largest Private Jet Airlines

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.

Private jet flights projected to be down 17% year-over-year in July

July 2020 private jet flight travel trends

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.

Memorial Day weekend fractional and charter private jet flights surged to 58% of 2019 levels

While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued

From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.

During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.

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