While private jet traffic is at 74% of 2019 levels compared to 15% for the airlines, inside the numbers are big differences
The rebound of private jet travel from the depths of the COVID-19 Coronavirus pandemic has been one of the very few bright spots across the travel industry.
While data from the TSA shows passenger levels for the airlines are still off by around 85%, private jet flights have recovered to 74% of 2019 levels, according to WingX.
In the latest WingX moving 7-day average, daily business aviation flights increased to 6,600 from last month’s low of 3,700
Statistics from three different researchers and the U.S. Transport Security Administration (TSA) will again give folks from the private jet side of the aviation business some reason to have pleasant dreams. Or at least blot out recent nightmares.
Global business aviation is down 58% so far in May compared to a 70% drop in April, according to WingX
Palm Beach International is the world’s busiest airport so far in May
Light Jets and Turboprops are leading the recovery
The glass is getting closer to being half full in business aviation. After a 70% drop in global private aviation in April, private jet flying is down by only 58% through the first 13 days of May. At its nadir, activity was down by around 80%.
The numbers compare favorably to the airlines. Global scheduled passenger flights were down 85% so far this month.
WingX’s weekly Global Market Tracker is showing the glass may indeed be half full for business aviation
Private aviation, just 15% of the global flights at the start of March, now represents 33% of all departures
Pop the champagne! Global business aviation activity was down by 68% for the period April 1st through May 5th, according to WingX’s closely watched weekly Global Market Tracker survey.
Researcher WingX projects business aviation to remain at low levels through month’s end
Just over 26,000 business jet flights operated worldwide in the first two weeks of April 2020, 79% below the same period in 2019, according to WingX’s Global Market Tracker.
As U.S. private jet travel fell by close to 30%, the COVID-19 Coronavirus pandemic had a big impact on business aviation in Europe
Italy private aviation flights dropped by 70% in March
Business aviation departures from Europe were down by 34% in March 2020 compared to the previous year, according to data supplied by WINGX.
The Germany-based business aviation research firm said there were 17,800 fewer flights flown last month. Like in the U.S., declines have accelerated towards the end of the month. During the final days of March, flying was down close to 50%.
Bad news led the good news last month for business aviation, according to WingX
The good news was June was the busiest month of the year for business aviation in Europe with 87,236 private flight departures. The bad news was the numbers were still down by 1.7% year-over-year, according to consultancy WingX.
Richard Koe, WingX managing director, said, “All but one
month this year so far have seen declines in flight activity compared to last
year, with the first half of 2019 some 2% down on 2018. “