Business jets boom

Global business aviation activity hit a new post-March high in the last few days, averaging 11,500 sectors a day, according to WINGX`s weekly Global Market Tracker.  In the last six months, the sector has lost 844k sectors compared to the same period of 2019, a 37% drop in operations.

Comparably, scheduled airlines have flown 9.5m fewer flights, reflecting a drop of 65%. After an initial increase in the spring, cargo operators are also down but only about 10% over the period.

As a proportion of global fixed-wing activity, business aviation typically has 12% of the traffic, which rose to 31% in May and is now around 17%, reflecting its ongoing resilience. Comparing the first halves of August in 2019 and 2020, worldwide bizav activity is currently trailing by 16%.

The bounce in business aviation demand in August is similar in Europe, with monthly sectors surging 2% ahead of the same period last year. Central and Eastern Europe, less affected by renewed travel restrictions, has seen a release of significant pent-up demand. Business jet and turboprop flights from Germany are up by 17% this month; Switzerland up by 21%; and Czech Republic, Poland, Ukraine, all with flights up by at least 25%. Croatia is clearly getting a lot of the holiday traffic, with arrivals up by almost 50%. A large share comes from Germany, which also has a spike in visitors holidaying in Switzerland, Austria, Belgium and Netherlands.

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