WingX reports November headwinds for the private jet recovery

WingX private jet travel

In November, global private aviation is being hit by lockdowns in Europe and a post-election dip in the United States

Private aviation flights were off 20% year-over-year in the first half of November, according to business aviation tracker WingX. It’s a drop from the minus 15% activity level private flying had settled into since the summer.

NetJets predicts return to 2019 flight levels by 2021 as private aviation bosses offer a bullish outlook

NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year

Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels

Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.

New survey provides bullish outlook for Fall private jet travel

private jet travel trends

A survey of new and existing private jet travelers offers an optimistic take on their use of private aviation in the coming months and beyond

88% of new flyers have a positive view of the industry versus 12% neutral and 0% negative

Will the influx of newcomers and those returning to private aviation be enough to offset the expected decline in business travel this Fall?

Private Jet execs bullish on recovery, near-term and into next year

private jet trends August 2020

45% of business aviation executives expect to finish 2020 in a stronger position, compared to just 16% who predict a decline. 92% are very/fairly optimistic about 2021

Major airlines warn that a full recovery may now take into 2024. Business aviation executives say that’s not the case for private jet travel.

A poll of more than 500 attendees at Corporate Jet Investor’s weekly Town Hall meeting showed a confident outlook about the future.

11 Key Takeaways From The JetNet iQ State Of The Market Briefing

Air Charter Service

If you live private jets, a Once Bitten, Twice Shy cautious optimism is tempered by the continued Driving Miss Daisy problem, perhaps a realization that life is a Bruce Springsteen song with a tinge of Ellie Goulding and Fleetwood Mac

 

One of the highlights of each National Business Aviation Business (NBAA) Aviation Convention & Exhibition is the JetNet iQ State of the Market Briefing which provides insights into both industry data and results from its quarterly surveys with business jet operators. 

%d bloggers like this: