The latest WingX weekly tracking report shows private jet travel continues to hold onto its recovery despite the resurgence of COVID-19 and fewer UHNW events
Global business aviation activity is down by 15% through most of October 2020 compared to the same period in 2019. However, 15% down is the new up if you are in a travel-related business, for sure.
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.
Despite the increase from 70% to 80% of 2019 activity from June to July, the U.S. recovery is hitting headwinds due to Coronavirus related closures
In the world of private aviation or business aviation, as it is often called, most veterans will tell you, “If things are going great, wait a day or two.”
That may or may not be the case, however, aviation analyst WingX says as Europe’s rebound is getting more pronounced, the U.S. is hitting headwinds.
Wing-X data shows despite the bright spots, overall disappointing results
December saw some year-over-year growth in business aviation
activity in Europe, according to researcher Wing-X.
Flights were up by 2.9% with most of the growth in business
jet sectors, up by 4.5%, particularly charter activity, up by 7%. For the full
year, total activity was down 1.6% compared to 2018.
WingX said flights dropped 3.2% compared to November with year-to-date flights down 1.8%
November saw an acceleration in the trending decline in flight activity in Europe this year, with 3.2% fewer business aviation departures compared to the same period a year ago, according to business aviation analyst WingX.
Year-to-date in 2019, flight activity in Europe was down 1.8%, 15,000 fewer flights.