Citing results from its TraqPak report, Argus noted results in North America were mixed by operational category. Fractional activity continued to lead all segments in its growth mode, with operations increasing by 5.9%. Part 135 operations were off, however, by 1.2%, and Part 91 operations slid by 7.8% with double-digit declines in midsize (-15.9%) and large-cabin (-11.3%) flights.

Operations were down for all four aircraft categories, turboprops by the least (-1.2%). Light-jet activity dipped by 1.9%, midsize by 3.5%, and large-cabin jets by 5.1%. At the same time, large-cabin jets flown in fractional operations notched the single largest gain in North America, increasing 18.6% YOY.

In Europe, activity was also down across all four aircraft categories YOY in October, with large-cabin jets leading the way at a 10.7% drop. Small cabins followed at a 4.8% decline, then midsize cabins at 3.3%, and turboprops at 0.8%.

In the rest of the world—Africa, Asia, Australia, and South America—activity continued to increase, up 2.7% YOY overall and across all four categories. Large-cabin jets led the way at a 3.6% gain, followed by turboprops (3.4%), midsize cabins (1.1%), and small jets (0.5%).

Noting that October results reversed a YOY growth trend that had continued since early 2025 in North America, Travis Kuhn, Argus senior v-p of software, said, “Part 91 activity has been a soft spot in the industry, and it showed further softening during October, especially in the midsize and large-cabin segments. On the positive side, fractional activity continues to be a strong catalyst as we move forward. Our initial forecast for November does show activity down slightly, but that can change if we see better-than-currently-expected demand around the Thanksgiving holiday.”