Year-to-date business aviation activity is down by 1.7%
after a 3% drop in May, according to WINGX
Private aviation analyst WINGX is reporting the headwinds
are remaining strong in Europe with 77,189 business aviation departures in May,
a second successive year-over-year (YOY) monthly decline of 3%. Year to date,
European business aviation activity is now down by 1.7% with 5,500 fewer
flights than in 2018. The trend over the past 12 months is flat, the company
“A second consecutive drop of 3% in YOY business aviation
activity confirms an increasing slowdown in the European market in 2019,
reflecting the somewhat downbeat sentiment at EBACE,” said Richard Koe,
managing director of WINGX.
Except for long-haul charters, WingX says April results show
heavy turbulence for private aviation
According to WingX, there were 66,165 business aviation departures in Europe in April, a similar volume to March, but 3.1% fewer flights than April 2019. What’s more, 12-month activity is trending less than1% growth, a mere 10% above the recession trough in 2009, and 11% down from the highpoint back in 2008.
Despite limited growth, private air travel, particularly charter, is facing a slowdown, according to WingX
There were 66,736 business aviation departures in Europe
last month, a strong increase over February, but just 0.7% growth compared to
same month results for 2018, according to WingX an aviation consulting and data
company. The analyst said results were driven by a large increase in piston
traffic offsetting declines in business jet and turboprop. First quarter 2019
total activity was up 0.6% compared to 2018.
Private jet flights fell at six of Europe’s seven busiest airports
There were 54,481 business aviation departures in Europe last month, down by 0.8% year-over-year (YOY), with a 2.1% drop in business jet sectors. Trends for the last 12-months in business aviation are up by 1.4%, and 10% above 2016 trough but still 11% behind January 2008 peak, according to WINGX, an aviation research firm.
Business aviation analytics company WingX reports flight activity continues to weaken, especially for jet charters
For the full year 2018, 13 of the 20 largest markets in Europe were up, although, of the biggest, only Germany and Spain got robust growth, according to a press release from WingX. Activity has clearly slowed in the second half in UK, France, Italy. The biggest declines, according to Wing-X came from Russia and Turkey.