Even as the Covid pandemic winds down, a new survey of private jet users suggests no end to the record surge in private aviation demand
– Average jet card deposit increased 12% to $237,267 from January’s survey
– 53% of new private aviation users will continue to fly privately on a regular basis post-Covid, up 29% since January
A just released survey of subscribers to Private Jet Card Comparisons shows the demand surge trend for private aviation is likely to continue for the foreseeable future.
Year-to-date 2.5 million private aviation sectors account for 23% of all fixed-wing activity, trailing the comparable period of 2019 by less than 5%
While global scheduled airline operations last month lagged May 2019 by 43%, private aviation activity in May 2021 was less than 1% off May 2019. For the year, almost 2.5 million business jet and prop sectors account for 23% of all fixed-wing activity, this activity trailing the comparable five-month period of 2019 by less than 5%, according to WingX. In contrast, global airline sectors are still almost 50% behind compared to 2019. In the business aviation sector, branded charter and fractional operations are now moving ahead of comparable 2019 volumes.
– 96% of new private jet travelers plan to continue after the pandemic
– 30% of respondents say domestic terror threats may increase their percentage of private flights away from the airlines
– 68% expect to travel internationally despite new COVID-19 requirements that include private jet travelers
A flash survey of subscribers to Private Jet Card Comparisons found nearly 30% may switch some airline flights to private aircraft amidst concerns about more domestic terror threats in the wake of the riots at the Capitol. The research also found despite the COVID-19 testing requirements for anyone entering the U.S., more than two-thirds expect to travel internationally. What’s more, 96% of respondents who had started or restarted flying privately due to the coronavirus say they plan to continue after the pandemic ends.
While private jet flight numbers are expected to show impressive year-over-year gains from March 2021 onwards, they will still fall short of pre-pandemic levels, according to the latest Argus TRAQPak forecast
Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%