WingX: World Bizav Traffic Slowly Rising

26 May 2020

According to WINGX weekly Global Market Tracker

Global business aviation traffic is down by 55 percent year-over-year as the industry continues dealing with the headwinds posed by the Covid-19 pandemic, according to the latest statistics released on Thursday by data provider WingX. In its weekly Global Market Tracker, the company noted that the 113,000 legs flown thus far in May stands in contrast to the 254,000 a year before. On average, 2,600 business aircraft were active each day in May, representing 44 percent of the number usually deployed.

But the Hamburg, Germany-based WingX noted some cause for optimism as the seven-day rolling average jumped from 4,800 flights on May 1, to 6,800 on May 19. At its low point in mid-April, the total plunged below 3,700 daily flights. In contrast, commercial scheduled flights are still around 85 percent below normal levels.

“The improvement in daily activity is encouraging, as is the higher fleet employment, but its too early to see if this demand is resilient, or simply reflects the slight relaxation in government lockdown,” said WingX managing director Richard Koe. “The trajectory of virus suppression policy seems to indicate that international and especially intercontinental travel will be slowest to recover.”

So far this month, nearly 30 percent of all business aviation activity involved turboprops, mainly the Pilatus PC-12, Cessna 208 Caravan, and the Beechcraft King Air 200.

About WINGX

WINGX is a data analytics and consulting company which provides actionable market intelligence to the global aviation industry. WINGX services include: Market Insight Reports, Online Dashboards, Customised Research, Strategic Consulting, Market Forecasts and Surveys. WINGX customers include aircraft operators, airframe, engine and avionics OEMs, airlines, maintenance providers, airports, fixed based operators, Satcom providers, fuel providers, legal advisors, leasing companies, banks, regulators, investors and private jet users.

Categories: COVID Impact