June business aviation activity showed a slight decline from the previous year, and was nearly flat from May.
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As the summer heats up in Europe, so too is business aviation traffic, according to the latest monthly TraqPak Global Business Aircraft Activity Report from industry flight data firm Argus International. The company noted that while year-over-year activity on the continent last month was down 6.1 percent, it was less of a delta than what was observed in May, indicating signs of stabilization.
In North America, Argus stated that June flight activity finished 2.7 percent off from a year ago, with the largest decline—12.6 percent—seen in the light jet charter market. Only the large-cabin jet segment saw an overall year-over-year gain at 1.4 percent, with large-cabin fractional usage up by 16.5 percent.
Regionally, flight activity in the Pacific Northwest saw the largest month-over-month gain at nearly 20 percent, followed by New England with an 18.6 percent increase; the Southeast saw the largest decline at 15.6 percent.
“The summer flying season has started and activity remained status quo in June. On the negative side, we continue to monitor the declines in Part 135 activity and we did revise our second-half 2023 forecast slightly lower to account for those declines,” said Argus senior v-p of market intelligence Travis Kuhn. “On the positive, while activity is down in Europe it has stabilized in recent months and is following its normal [upward] summer trend on the continent. Compared with June 2019, European activity was up 17.9 percent last month.”
For July, Argus's analysts predict a 2.7 percent year-over-year decrease in North American flight activity, while Europe is projected to improve to within 4 percent of July 2022 totals.
Argus: June Bizav Activity Down, but Europe Improving
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As the summer heats up in Europe, so too is business aviation traffic, according to the latest monthly TraqPak Global Business Aircraft Activity Report from industry flight data firm Argus International. The company noted that while year-over-year activity on the continent last month was down 6.1 percent, it was less of a delta than what was observed in May, indicating signs of stabilization.
In North America, Argus stated that June flight activity finished 2.7 percent off from a year ago, with the largest decline—12.6 percent—seen in the light jet charter market. Only the large-cabin jet segment saw an overall year-over-year gain at 1.4 percent, with large-cabin fractional usage up by 16.5 percent.
Regionally, flight activity in the Pacific Northwest saw the largest month-over-month gain at nearly 20 percent, followed by New England with an 18.6 percent increase; the Southeast saw the largest decline at 15.6 percent.
“The summer flying season has started and activity remained status quo in June. On the negative side, we continue to monitor the declines in Part 135 activity and we did revise our second-half 2023 forecast slightly lower to account for those declines,” said Argus senior v-p of market intelligence Travis Kuhn. “On the positive, while activity is down in Europe it has stabilized in recent months and is following its normal [upward] summer trend on the continent. Compared with June 2019, European activity was up 17.9 percent last month.”