Business Aircraft Flying Dips in May as North America and Europe Lag | Aviation International News

Business Aircraft Flying Slips in May

Midsize jet activity did manage to see gains, however

praetor600

By Chad Trautvetter • Online Editor

June 5, 2024

Business aircraft flying dipped 2% year over year (YOY) last month, with losses in North America and Europe overpowering a 14.5% gain in the rest of the world, according to TraqPak data released yesterday by Argus International. May traffic in North America fell by 2.5% YOY—higher than Argus’ -1.1% forecast—while activity in Europe plummeted by 7.2%. This month, Argus is predicting decreases of 3.2% and 6.6% in North America and Europe, respectively.

“European activity took a surprise turn in May, while the North American market was a little lower than forecast but still remains in the same territory it has been in for the last 24 months,” said Argus senior v-p of software Travis Kuhn. “Summer charter activity will be the focus to see if leisure travel can provide a necessary boost.”

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