Argus: Strong December To Carry into Q1 for Bizav Flights

 - December 21, 2017, 7:43 AM

Business aircraft travel in North America is expected to be up by 5.6 percent year-over-year in December, momentum that is anticipated to carry into the first quarter, according to the latest Argus Traqpak Aircraft Activity Report. Argus this week released a special holiday report, showing daily forecasts through the new year, top holiday destinations and first quarter projections for business aircraft in the U.S., the Caribbean, and Canada.

Travel is anticipated to surge year-over-year by 11.2 percent on December 22, with an estimated 9,072 flights ahead of the Christmas holiday, the report predicts. That same 11.2 percent surge is expected to return ahead of the New Year’s holiday on December 29 with a projected 7,001 flights. These upticks are bolstered by slight increases through December 25, and offset forecast dips in most of the days between December 26 and January 3.

Traditionally busy airports for business aircraft—West Palm Beach, Florida (PBI); Teterboro, New Jersey (TEB); White Plains, New York (HPN); Van Nuys, California (VNY); and Las Vegas McCarran (LAS)—are anticipated to remain the top holiday destinations for business aircraft travel through January 3, according to  Argus. PBI is expected to attract 1,705 arrivals in the period from December 22 to January 3, despite a presidential temporary flight restriction in place. Other busy destinations include Naples, Florida (APF); Eagle, Colorado (EGE); and Dallas Love Field (DAL).

For the first quarter, Argus predicts a 5 percent jump in year-over-year business aircraft traffic. January will lead the gains with a 5.4 percent increase, with February and March up 4.8 percent and 4.9 percent, respectively. Overall, business aircraft flights in the first quarter are expected to number 759,169.