Business aviation operations were down by 3.1 percent globally with Europe marking the largest decline at 8.5 percent, Argus reported.
Content Body
Global business aviation activity declined by 3.1 percent year-over-year in July with operations down by 8.1 percent in Europe and 3.6 percent in North America, according to the latest Argus International TraqPak report.
Argus expects this slowdown to ebb somewhat in August with activity in North America forecast to be off by only 0.1 percent and European operations decreasing 5.3 percent year-over-year.
The decline in North American operations in July exceeded Argus’s original forecast for a 2.7 percent drop, the data analyst and safety specialist noted. Fractional operations in the region remained up, by 4.9 percent, driven in part by a 20.1 percent surge in large-cabin activity. But fractionals marked the only positive segment for operations in the month.
Part 135 operations saw an 8.5 percent decrease with double-digit drops in small-cabin (down by 13.2 percent) and turboprop (by 13.6 percent) activity. Part 91 activity was down by 2.3 percent, led by a 9.9 percent drop in midsize-aircraft activity in the segment.
Large-cabin aircraft ended up 2 percent in July for all categories of operations, the only type to do so. Turboprop activity was off by 6.4 percent, and small and midsize aircraft operations dipped 3.5 percent each.
In Europe, activity saw the largest drop, but Argus characterized this as a “stable environment” considering that July 2022 was the busiest month on record in the region. Small-cabin operations led the slide, down 12.3 percent, followed by midsize cabins at 8.7 percent, turboprops at 6.3 percent, and large cabins at 5.3 percent.
In the rest of the world, operations actually are still improving from last year, up 12.3 percent, despite a 31.9 percent plunge in large-cabin activity.
North America, Europe Ops Drive Down Global Activity
Newsletter Body
Global business aviation activity declined by 3.1 percent year-over-year in July with operations down 8.1 percent in Europe and 3.6 percent in North America, according to the latest Argus International TraqPak report.
Argus expects this slowdown to ebb somewhat in August with activity in North America forecast to be off by only 0.1 percent and European operations decreasing 5.3 percent year-over-year.
The decline in North American operations in July exceeded Argus’s original forecast for a 2.7 percent drop, the data analyst and safety specialist noted. Fractional operations in the region remained up, by 4.9 percent, driven in part by a 20.1 percent surge in large-cabin activity. But fractionals marked the only positive segment for operations in the month.
Part 135 operations saw an 8.5 percent decrease with double-digit drops in small-cabin (down by 13.2 percent) and turboprop (by 13.6 percent) activity. Part 91 activity was down by 2.3 percent, led by a 9.9 percent drop in midsize-aircraft activity in the segment.
In Europe, activity saw the largest drop, but Argus characterized this as a “stable environment” considering that July 2022 was the busiest month on record in the region. Small-cabin operations led the slide, down 12.3 percent.
In the rest of the world, operations actually are still improving from last year, up 12.3 percent, despite a 31.9 percent plunge in large-cabin activity.