Business aviation ‘remains resilient’ despite geopolitical headwinds


While global affairs remain in flux, recoiling from the shock of war, the first data on flight activity since Russia launched its assault on Ukraine shows flight activity remaining healthy, worldwide.

That’s supported by the latest numbers from ARGUS, showing a month-over-month jump in flights worldwide of 17.3%, and a year-to-year rise of 25.7%.

Spring breakers helped fuel flights in North America, where March flights rose 18.2% year to year, and Europe’s post-pandemic resurgence continued with a 69.8% year-to-year jump, despite the war.

“Even with current global challenges business aviation continues to remain resilient,” said Travis Kuhn, vice president of market intelligence for ARGUS. “We saw activity really start to improve in March 2021, and one year later we’re still seeing positive signs, especially in the large cabin segment.”

North American large-cabin jet flights, year to year, grew by 35.7% in March, led by part 91 operations jumping by a rate of 41.6%. In Europe, month-to-month large-cabin jet flights were up 21.5%, and by 142.9%, year to year.

All NBAA regions in the United States posted month-to-month increases in flights, according to ARGUS data, ranging from 14.9% (Northwest Mountain) to 33.5% (Central).

For April, ARGUS TRAQPak analysts forecast a 13.3% jump in North American activity, year to year, with flights in Europe increasing 79%, over April 2021.

PREVIOUS: Winter fails to freeze flight activity in latest ARGUS numbers



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »