Global business jet departures have dipped by 4% over the past four weeks compared with the same period last year, indicating “significantly worse” performance than the 2% year-to-date decline, according to WingX. Management fleets have held steady this year, still down 1.2%, but corporate and charter departures have dipped notably, by 12% and 9.7%, respectively, year-to-date, WingX further noted. Fractional departures, however, up 10%, are still helping to offset these declines.
“Business jet demand is navigating turbulent waters with the approach of the U.S. election, outgoing and incoming hurricanes across the Southeast [U.S.], economic stagnation in Europe, and escalating conflicts in the Middle East,” said WingX managing director Richard Koe. “The combined headwinds are clearly widening the declines in comparison to 2023, which itself was a reset from the post-Covid high points in 2022.”
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