Year-to-date business aviation activity is down by 1.7%
after a 3% drop in May, according to WINGX
Private aviation analyst WINGX is reporting the headwinds
are remaining strong in Europe with 77,189 business aviation departures in May,
a second successive year-over-year (YOY) monthly decline of 3%. Year to date,
European business aviation activity is now down by 1.7% with 5,500 fewer
flights than in 2018. The trend over the past 12 months is flat, the company
“A second consecutive drop of 3% in YOY business aviation
activity confirms an increasing slowdown in the European market in 2019,
reflecting the somewhat downbeat sentiment at EBACE,” said Richard Koe,
managing director of WINGX.
The membership of the General Aviation Manufacturer’s
Association recently outlined some of the way members give back
Business aviation supports over 1.1 million jobs and $219 billion dollars in economic activity in the U.S. The industry also supports businesses in over 5,000 communities, over 4,500 that don’t have commercial airline service. It is also on the front lines after natural disasters, bringing aide to the stricken and supporting first responders.
Private jet flights fell at six of Europe’s seven busiest airports
There were 54,481 business aviation departures in Europe last month, down by 0.8% year-over-year (YOY), with a 2.1% drop in business jet sectors. Trends for the last 12-months in business aviation are up by 1.4%, and 10% above 2016 trough but still 11% behind January 2008 peak, according to WINGX, an aviation research firm.
In 2018 business aircraft flight activity increased just
0.9% after 4.8% and 8.1% growth in 2017 and 2016
In a classic glass half full or half empty analysis, TRAQPak’s 2018 Business Aviation Review noted that while private jet flights are set to exceed the three million mark in 2019 for the third straight year, growth last year was markedly slower. Business aircraft flight activity inched up nine-tenths of a percent, far below the 4.8% growth the industry saw in 2017 and 8.1% gains the previous year. On the negative side, the second half of the year saw declines after positive growth during the first six months.
TraqPAK reports 2017 was a good year for private jet operators, including fractional, charter and Jet Cards
Business aviation eclipsed three million flights for the first time since 2008, according to TRAQPak. Overall, total business flight activity in 2017 was at the highest rate of growth since 2014. Flight activity increased across all operational categories for a combined increase of 3.9%. The researcher said, 2017 produced year over year increases each month, with Thursday continuing to be the busiest day of the week for flight activity.