Charter & Fractional
Operators: steep decline in demand for charter
The U.S.

The U.S. charter market is undergoing wrenching change due to a sudden drop in activity, according to charter operators and industry observers.

Although charter activity varies by location, “most people are telling me [that business has dropped] about 15 percent,” said James Coyne, president of the National Air Transportation Association (NATA), which represents charter companies. “There’s no doubt that the economy is in recession in the aviation industry. Recession is defined as when the gross national product has fallen for two quarters, and it’s safe to say that aviation activity has fallen in the last two quarters.”

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