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?
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.
45% of business aviation executives expect to finish 2020 in a stronger position, compared to just 16% who predict a decline. 92% are very/fairly optimistic about 2021
Major airlines warn that a full recovery may now take into 2024. Business aviation executives say that’s not the case for private jet travel.
A poll of more than 500 attendees at Corporate Jet Investor’s weekly Town Hall meeting showed a confident outlook about the future.
10 of the 15 busiest private aviation airports saw declines during the first 10 days of the month with New York and Seattle airports seeing the steepest drops
Of the busiest airports in the U.S. for private jet departures, three Colorado airports rank in the top 10 for the first 10 days of August, according to data from WingX.
While airline passenger counts remained 75% below last year’s levels, private jet flights increased 5% during America’s birthday Independence Day holiday in 2020
– The 50 Busiest Private Jet Airports during the holidays
– Airports with the biggest increases and decreases of private jets
– The most popular private jet routes for the July 4th holiday
As airline passenger levels remained 75% below last year, a detailed analysis by Private Jet Card Comparisons of data from WingX shows not only that private jet flights were up year-over-year by 5%, but where they were going.
Normally a niche segment, private jets are becoming more important to the travel and tourism industry, which before the COVID-19 pandemic supported 10% of worldwide jobs.