Aircraft
WingX: Bizjet Operations Flourishing Despite Fuel Swings
WingX said business jet ops shrug off the price jumps
Jet leaving FBOsin Dubai
Dubai is among the cities affected by the conflict in the Middle East © Charter Jet One

Business aviation has been consistently inelastic to fuel price swings, and that trend is holding true with the most recent conflict in the Middle East, WingX reported today. Noting that global business jet activity was up 4.4% year over year (YOY) during the week ending May 3, and by 4.6% since the beginning of the year, WingX maintained that demand is shrugging off the fuel price swings.

Likewise, in 2022, when the Russia-Ukraine conflict generated a spike in fuel prices, business jet departures still increased, WingX reported. “Through the past six years of a pandemic and conflict outbreaks, the correlation between fuel cost and bizjet flying activity has been weak,” the data analyst maintained.

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