JetNet’s latest quarterly survey shows growing uncertainty and pessimism in the business aviation industry. Speaking this afternoon at the company’s annual iQ Summit, Rolland Vincent, iQ survey founder and the head of Rolland Vincent Associates, noted that in the company’s Q3 survey, almost 60% of the 400 respondents indicated that they felt the industry had not yet reached the low point in the current business cycle, outnumbering those who believe the economy was on an upswing nearly 2-to-1.
In the U.S.—the world’s largest business aviation market—industry net optimism has reached its lowest point since the initial Covid surge in 2020, with little variance among the aircraft operator segments. “We’re in a bit of a strange place,” said Vincent. “Part of it is geopolitical tensions, presidential election uncertainties for sure, changes in interest rates, inflation, all these sorts of things, and just general tensions around wealth. I think it has to do with the haves and have-nots challenges that we are seeing in our society again.”
In this article
More In Aircraft
