Private Jet Card Comparisons - Know Before You Buy
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FBOs (private jet terminals) are seeing business down as much as 95%. The overall flight industry was tracking at 80% below 2019 levels in the first two weeks of April. Surprisingly, many in the industry are bullish about recovery.
With no cure or vaccine for the COVID-19 Coronavirus, the private jet industry is expecting (or hoping for) an influx of new customers when the stay-at-home orders expire and hotels and resorts reopen.
Right now many private jet users are grounded with no place to go. However, they apparently want to get back in the air. Research by Private Jet Card Comparisons shows only 3% of subscribers have canceled summer vacations with no plans to reschedule. It’s also expected those who can afford it, will want to maximize their social distancing while traveling for the foreseeable future.
Private aviation is forecast to be down close to 70% this month. Still, that number cloaks a significant portion of flying since the COVID-19 outbreak has been by new customers relocating to second homes or evacuating family members.
TRAQPak’s review of year over year flight activity (December 2019 vs. December 2018) indicates that December 2019 recorded an increase of 6.9%. It reverses 2018’s negative trend.
The results by operational category were all positive for the period, with Fractional activity posting the largest increase, up 11.5% from 2018.
Part 135 flight activity (which includes Jet Card flights) saw a 7.1% increase from December 2018, and Part 91 activity reported a rise of 5.5%.
Traqpak’s most recent analysis of private jet flights for the first half of 2019 reveals both the busiest days of the week and busiest days so far this year.
Despite overall private flight activity growth of just 0.3%, for the first time ever one day averaged at least 10,000 flights per day.
Thursdays were the busiest day of the week average 10,124 flights. Second busiest were Fridays with 9,505 flights followed by Wednesdays at 9,353 flights on average. Tuesdays averaged 8,744 private flights while Mondays saw an average of 8,593 flights per day, perhaps indicating many private fliers tart the week in the office.