Private Jet Card Comparisons - Know Before You Buy
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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%
TRAQPak’s review of year over year flight activity (December 2019 vs. December 2018) indicates that December 2019 recorded an increase of 6.9%. It reverses 2018’s negative trend.
The results by operational category were all positive for the period, with Fractional activity posting the largest increase, up 11.5% from 2018.
Part 135 flight activity (which includes Jet Card flights) saw a 7.1% increase from December 2018, and Part 91 activity reported a rise of 5.5%.
The TRAQPak forecast from Argus indicates a strong start for the new year, at least as it pertains to private aviation flying.
TRAQPak is predicting February to post a yearly gain of 5.9%, while Q1 2020 is anticipated to rise 4.2% year over year.
Traqpak’s most recent analysis of private jet flights for the first half of 2019 reveals both the busiest days of the week and busiest days so far this year.
Despite overall private flight activity growth of just 0.3%, for the first time ever one day averaged at least 10,000 flights per day.
Thursdays were the busiest day of the week average 10,124 flights. Second busiest were Fridays with 9,505 flights followed by Wednesdays at 9,353 flights on average. Tuesdays averaged 8,744 private flights while Mondays saw an average of 8,593 flights per day, perhaps indicating many private fliers tart the week in the office.
Flight activity for the first half of 2019 was up 0.3% compared to the same period in 2018, however, it was a varied report when it came to where the gains came from. Flight hours were up 0.7% during the same period.
Flying by fractional fleet operators was the star in the first half of 2019, according to an analysis of private aviation flying by Traqpak. Fractional activity reported the strongest mid-year gain, up 6.2% during the first six months of 2019. Part 91 flight activity was up 0.7%, while Part 135 flight activity, which represents on-demand charter and jet cards, was down 2.2% for the period.
TRAQPak’s June report on private aviation flying reported a decrease of 0.5% year-over-year as year-to-date flying showed tepid growth of 0.3%.
A world removed from those Gulfstream G650s and Bombardier Global Express private jets you read about in stories about what type of plane Jennifer Lopez or Elon Musk own are turboprops and piston aircraft. They’re also very popular.
