Two weeks ago, I reported a leveling off of volume in charter and Part 135 at new volume levels. Now as we look back on the month of July, we have more information that confirms that trend.
Charter Volume
In our last update we looked at the full month of June and how flight activity played out across the industry. Volume showed 6% below 2021 with a trend that indicated a further decline.
Charter Volume
In mid June we were reporting volumes that we just slightly lower than we had seen in 2021. Two weeks later it is clear that we are now trending below last year's numbers for the air charter market.
Charter Volume
With two days of reporting to go, the month of June is clocking in with about 7,000 fewer charter hours (for the tails that we track) than in 2021. That represents a 5.1% decline YoY with a steeper decline in the most recent 7 day period.
Charter Volume
Looking at the past-two weeks, we are essentially at 2021 volume for the charter industry, with the data showing -2% MTD vs 2021.
Charter Volume
We have crossed into the month of June, which puts us in position to look back on the full month of May. What our data is showing us, is that the average daily charter hours flown for May 2022 dropped almost 10% when compared with April 2022.
Charter Volume
At a macro level the price of fuel is showing a drop over the first two weeks of May. As you can see in the charts below, the price per gallon dropped 10 cents from $4.59 to $4.49.
Charter Volume
Fuel price remains the top topic of interest with the folks whom I have been talking to.
Charter Volume
The synopsis is that we are not seeing any sign of a drop in air charter volume despite widespread increases in fuel surcharges and a stock market that has been volatile.
Charter Volume
Fuel price continues to be a significant topic of discussion for FBOs and operators alike. Trying to adjust the pricing for fuel itself and/or fuel surcharges has never been harder.
Charter Volume
Today we look at the first two weeks worth of data for March. There is and has been a lot of dialog around Ukraine and in particular its impact / potential impact on Europe, and on the used aircraft market.
Charter Volume
As the headline suggests, we saw a strong YoY volume increase for Teterboro. It topped the charts on a percentage basis with 69.3% more flights than in February 2021.
Charter Volume
We're coming in off of Super Bowl weekend. We've seen in the past that when the big game is held in the home city for one of the teams, it has an impact on jet traffic to the game.
Charter Volume
You can see that for the industry, we're showing 14.9% above last January. Note that last January's volume was below January 2019, but within 60 days, the 2021 volume grew above 2019.
Charter Volume
At an industry level, volume is down from December as we would expect seasonally, but on a YoY basis volume is up double digits when compared with the same period in both 2021 and 2020.
Charter Volume
One question that comes up frequently is what the top private jet routes are, and whether they have changed much over time.
Charter Volume