August was another record-breaking month for private jet travel, ranking only behind July as the busiest month since Argus TraqPak has been tracking flights
August private flight activity in North America clocked a 38.7% increase over 2020, good enough to finish as the second busiest month on record, trailing only July 2021. The August activity was 10% higher than 2019’s pre-pandemic private jet flying levels. Total flights were just under the 300,000 mark.
Argus and WingX research shows the private aviation rebound is showing no signs of letting up in July
Argus Traqpak’s research data showed June as the busiest month for private aviation since October 2007. Now, the aviation research firm says July 1, 2021, recorded 12,345 business aviation flights in North America. That was the largest single-day of operations since March 20, 2008.
Private jet fractional ownership continues to be dominated by NetJets and Flexjet
Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.
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%