Buisness aviation news

Global bizjet activity in Q1 flat on last year, -2% vs 2022
Global bizjet activity in Q1 flat on last year, -2% vs 2022

Overall flight volumes are so far very similar to last year, but with considerable variance by region and operator type, with demand in Europe clearly ebbing, the US flat overall but at record highs in New Jersey, fractional operations powering ahead.

Spring Break lifts US bizjet activity above March 2023
Spring Break lifts US bizjet activity above March 2023

Business aviation activity is robust everywhere but Europe in March 2024. The core US market is normally busiest this time of year, and is slightly stronger than March last year when demand was affected by the regional banking crisis, but still some way off the peak in the post-Covid market back in March 2022.

Bizjet demand steady in US, dips in Middle East
Bizjet demand steady in US, dips in Middle East

Spring Break in the US has seen the usual surge in bizav in Florida, notably. Compared to same March period in 2019, Florida bizjet departures are up 56%.

Bizjet demand buoyant, notably in South America and Asia
Bizjet demand buoyant, notably in South America and Asia

Year on year, the latest week saw strong growth, keeping 2024 a little ahead of 2023. The US is providing the ballast, with strong growth in South America and Asia, offsetting a slide in European demand.

Bizjet demand bounces back in up in Feb-24 year on year
Bizjet demand bounces back in up in Feb-24 year on year

Globally, bizjet flights were up 1% last week, slightly ahead of the flat last 4-week trend, a considerable improvement on the relatively weak demand in January. The US market is holding up, Europe is dipping compared to last year, the Middle East also, whereas bizjet demand in South America and Asia is well up on last year.

Bizjet demand strong in week 8, reducing in YTD deficit
Bizjet demand strong in week 8, reducing in YTD deficit

Global bizjet trends are flat over the last 4 weeks, recovering from the dip at the start of the year. The most recent week showed a 3% increase in the US, with Part 135 activity out of Florida up 11%, but Canada continues to see steep declines. Europe is flat, extending a 3% decline over the last month.

Global bizjet demand trailing last year by 3% in Week 7 2024
Global bizjet demand trailing last year by 3% in Week 7 2024

Holiday bizjet traffic during Presidents´ Day shows demand is still quite robust in the US, only 2% below last year´s high point. Bizjet traffic in Europe is slumping, down 10% in week 7, deteriorating on the 5% decline in the last 4 weeks. Demand in Germany is wilting, but still high levels of traffic in Spain. Bizjet activity in the Middle East is down. Australia is still a growth market.

GAMA Releases 2023 Aircraft Shipments and Billings Report
GAMA Releases 2023 Aircraft Shipments and Billings Report

The General Aviation Manufacturers Association (GAMA) released the 2023 General Aviation Aircraft Shipments and Billings Report during its annual State of the Industry Press Conference. Overall, when compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%.

Week 6-24 sees solid US market, only 2% down from 2023 peaks
Week 6-24 sees solid US market, only 2% down from 2023 peaks

Business jet activity was stronger this week than last, picked up 4%, with particularly big increase in the UK, flights up 26%; this may indicate the peak ski season around school break. Business jet activity in South America is hitting peak levels. In Turkey, activity is a lot lower than the high demand last year, during the earthquake. The Middle East is seeing substantially lower demand year on year. The overall market is only modestly behind 2023, due to the stability in the US market, where Texas and Florida still have strong demand.

3 charter trends from 2023 to watch
3 charter trends from 2023 to watch

To help our members predict the trends that will shape the year to come, were keen to learn from the past. Our network of nearly 2000 operators and brokers globally is maybe the most extensive source of behavioral data available in air charter. Harry Clarke continues the tradition of summing up the yearly trends we see in our extensive Avinode data.

US bizjet market dips 6% in stormy January 2024
US bizjet market dips 6% in stormy January 2024

Business jet activity ticked up this week compared to last week, as the US market emerged from the winter storms. So far this year, US bizjet is trending down 6% compared to January 2023, but is still tracking well up on pre-pandemic January 2019. Europe is a different case, with several countries seeing less traffic this January than in January 5 years ago.  

Storm Gerri curbs US bizav, global activity -6% YOY
Storm Gerri curbs US bizav, global activity -6% YOY

We are seeing the usual drop in bizjet demand following the holidays, with a dent in year-on-year activity due to the severity of the winter storms currently pummelling the US. In Europe, although the 4-week year on year decline is only 2%, the drops in bizjet activity out of Germany and France is eye-catching.

Last 4-week trend shows 2% decline in global bizjet activity, but a lift in Europe
Last 4-week trend shows 2% decline in global bizjet activity, but a lift in Europe

Global business aviation activity has started the new year slightly behind comparable 2023, which itself was a rebound on locked-down January 2022. The US leisure market appears to be relatively weaker during the recent holiday period. In Europe, the UK and France markets were well back on last year, but this was offset overall by strong activity in Turkey and Spain.

Bizav activity dipped in 2023, Europe the weak spot, with global gain of 15% versus pre-pandemic 2019
Bizav activity dipped in 2023, Europe the weak spot, with global gain of 15% versus pre-pandemic 2019

The 3% drop in flight activity during 2023 compared to 2022 was in line with expectations, representing the market reset which followed the frothy demand during the pandemic era. Demand has petered out in Europe, where the Ukraine war has compounded the effects of economic stagnation. In the US, 17% growth in bizjet traffic since 2019 represents 4% compound annual growth rate, not spectacular but much stronger than the anemic growth in bizjet demand in the previous decade.

Activity dipping in the US, substantially falling in Middle East and Asia
Activity dipping in the US, substantially falling in Middle East and Asia

December appears to be a blip in the steady trend of the last few months, with flight activity growth compared to 2019 diminishing substantially. In fact Europe is now clearly trending below 2019 levels. In the Middle East and Asia, the latest week has seen very large drops in bizjet demand. In the US, the key hub, Florida, saw bizjet flights fall 7% compared to December last year.

Overall market dips but leading bizjet operators hitting new highs
Overall market dips but leading bizjet operators hitting new highs

Global bizjet activity is now flat over the last 4 weeks compared to last year, falling behind the Covid surge in 2021, comfortably ahead of 2019. Bizjet demand in Europe is weakening towards 2019 trend. Middle East is weaker, with 15% drop YOY in the latest week, although notably the COP conference drew a spike in bizjet arrivals. The US is still relatively strong, especially for the largest operators.

US large jet market strong, Asia and Middle East weaker, Europe slumping
US large jet market strong, Asia and Middle East weaker, Europe slumping

Once the holiday fluctuations are accounted for, November was a flat month for business jet activity, though fractional flying is still at record pace, particularly in large cabin flying, with Florida and Texas the bizjet hubs in the US. In Europe, November saw a slump in demand, with the full month seeing lower activity in France and Germany than back in November 2019.

Business jet traffic ahead of Thanksgiving 2019, trending up this November YOY
Business jet traffic ahead of Thanksgiving 2019, trending up this November YOY

Thanksgiving holidays in the US were ahead of the 2019 holiday, also sustaining a pickup in November vs November last year. European bizjet traffic was flat compared to 2019, some 7% off the comparative traffic in 2019. As in Europe, both Asia and Middle East are seeing activity soften this November compared to last year.

Strong US market lifts global activity ahead of last year
Strong US market lifts global activity ahead of last year

WINGX's weekly Business Aviation Bulletin for 23th November, 2023

GAMA Releases Third Quarter 2023 Shipment and Billing Report
GAMA Releases Third Quarter 2023 Shipment and Billing Report

The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2023 General Aviation Aircraft Shipment and Billing Report. The general aviation aircraft manufacturing industrys results for the first nine months of 2023, when compared to the same period in 2022, show increased aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.

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