Wyoming, Montana, Utah and Colorado have seen the smallest decreases in private jet flights so far this year, according to Argus TRAQPak
Just published data from Argus TRAQPak shows if you want to know where all the private jets have gone, head to the mountains. Wyoming, down 5.8%, Montana (-6.7%), Utah (-7.2%), and Colorado (-10.2%) saw the smallest decreases during the first nine months of the year. Arizona performed the best of non-mountain states with an 11.7% decline. Overall, private aviation flights were down 28.1% through the end of August.
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?
Adjusting August private jet flight numbers for the later Labor Day holiday in 2020 shows U.S. flights moving closer to pre-COVID-19 levels
Mark Twain said, “”There are three kinds of lies: lies, damned lies, and statistics.” He also said, “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts.”
The V-shaped private jet travel recovery continues to be driven by pent-up demand, government restrictions and the continuing COVID-19 pandemic
Worldwide business aviation activity reached its highest levels since the first weeks of March when flights plummeted.
According to the WingX, during the first half of August, global private aviation departures are tracking at 16% below 2020 levels.
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.