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?
While COVID-19 and lacking airline schedules led many new private jet users to pull the trigger, many say they plan to continue after the pandemic recedes.
Over half of new and returning users to private aviation indicated they expect to continue their private jet travels after the current COVID-19 pandemic ends. That’s according to a preview from a just-completed survey of Private Jet Card Comparisons subscribers.
Argus TRAQPak projects a 14% year-over-year deficit this month
Argus TRAQPak, one of the two analysts providing regular updates on business aviation flights, is providing industry followers an optimistic look as we move into Fall.
Guidance from the IRS infers if you buy a Jet Card now, you can save the 7.5% Federal Excise Tax for flights next year, maybe
Get ready for a possible flood of email offers from private jet companies. The offer is to buy a jet card now for flights in 2021 and beyond. The goal is to save the 7.5% Federal Excise Tax for those post-New Year’s trips.
As part of the CARES Act, the collection of the tax is suspended through Dec. 31, 2020. Unless new legislation is put into place, it will snap back into effect on Jan. 1, 2021. The tax applies to domestic flights and those that begin or end within 225-miles of the Canadian and Mexican borders.