FBOs
Signature Aviation Sees Rising Traffic
While the company noted overall first-half 2020 declines in revenue based on diminished general aviation traffic, it also cited a rising trend.
While Signature Aviation noted a Covid-pandemic-related decline in overall business in the first half of 2020, the company has seen a rising trend over the past two months as the business aviation sector slowly recovers. (Photo: Signature Aviation)
While Signature Aviation noted a Covid-pandemic-related decline in overall business in the first half of 2020, the company has seen a rising trend over the past two months as the business aviation sector slowly recovers. (Photo: Signature Aviation)

In its first-half 2020 financial numbers released on Monday, Signature Aviation indicates continuation of a rising trend as the industry recovers from Covid-19 headwinds. The company—which operates Signature Flight Support, the world’s largest FBO chain along with its TechnicAir maintenance business and Epic fuel distributor—saw a 38 percent decline in revenues during the first six months of 2020 as a result of traffic loss from the pandemic (31 percent when adjusted for lower fuel prices). According to FAA data, business and general aviation movements fell by 30 percent over the same period.