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While global private jet flights advanced 1% week-over-week and remain 18% up for the trailing four weeks compared to 2019, fractional and charter flights are seeing record gains, according to WingX.
As private jet operators and sellers of jet cards and memberships struggle with record demand, upward trends in the U.S. and globally continue. That’s according to the latest data from WingX.
The share of flight hours operated under Part 91 – non-commercial flights conducted for the aircraft owner – continued its decade-long decline during the first half of 2021.
The takeaways from the 2020 Argus TRAQPak annual review of private jet activity in the U.S. underscores two key trends: Consolidation and acceleration of what has a nearly decade-long move from full private jet ownership to fractional shares, leases, jet cards, and on-demand charter. Looking ahead, Argus analysts don’t expect the total industry to return to pre-COVID-19 numbers until the second half of 2021.