While leisure travel has fueled the recovery of private jet travel, a top Flexjet executive sees opportunities in business travel too
Speaking to Bloomberg Markets TV yesterday, a top Flexjet official said she sees opportunities in business travel as we move into the 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.”
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
The news from VistaJet, XOJET chairman Thomas Flohr follows continued positive reports from Argus and WingX
71% of incoming requests are from customers who had no or little previous private jet flying experience
The news continues to be good for the business aviation sector. Last week WingX and Argus reported U.S. private jet travel was approaching 70% of pre-COVID-19 coronavirus levels.
The Berkshire Hathaway fractional jet operator affirmed it does not need government aid
In a letter to NetJets owners sent earlier today, its president Patrick Gallagher outlined company plans due to the COVID-19 Coronavirus pandemic. He said business has been “down significantly.”
Gallagher told customers via email, “…This pandemic is affecting our business to a greater extent than any event since we were founded in May 1964.”