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June 2016 flies high, up 4.2% from June 2015
Forecast metrics indicate strong yoy growth of 3.9% in Q3 2016

June business aviation flight activity posted an unusual month over month increase from May, finishing up 1.8% according to ARGUS' TRAQPak data released this week.

Historically, June flight activity declined from May in 2012, 2013, 2014 and 2015.

Results by operational category were all in the black for the month with Part 135 operators posting the largest monthly increase, up 2.7%. The fractional & Part 91 sectors recorded steady rises from May, up 1.1% & 1.5% respectively. Aircraft categories saw gains as well with the turboprop market again leading the way for the largest monthly increase, up 4.3% from May. The small & mid-size cabin markets followed, posting increases of 1.7% & 0.3%, in that order. Large cabin aircraft posted a slight 0.6% decrease for the month. The largest monthly change, for an individual segment, occurred in the Part 135 turboprop segment, up 5.8% from May.

Reviewing year over year flight activity (June 2016 vs. June 2015), TRAQPak data indicates that June 2016 posted an increase of 4.2%. The results by operational category were all positive for the month with the Part 135 charter market recording the largest year over year increase, up 5.3%. The Part 91 market followed, up 3.6% from June 2015. The Fractional market saw year over year growth for the second straight month, posting an increase of 3.9%. Flight activity for the aircraft categories were positive as well, with large cabin aircraft recording the largest year over year increase, up 6.4%. The turboprop markets followed with an increase of 5.2%, and small cabin aircraft rose 4.0% for the period. Mid-size cabin aircraft rebounded from May to post an increase of 2.2% over June 2015. The largest year over year gain for an individual segment occurred in the fractional large cabin segment, which saw an increase of 16.5%.

Looking ahead TRAQPak analysts estimate there will be a 0.6% increase in overall flight activity year over year in July 2016, and forecast data indicates that Q3 2016 will rise 3.9% over Q3 2015.

ARGUS TRAQPak data is aircraft flight number specific arrival and departure information on all IFR flights in the US (including Alaska and Hawaii), the Caribbean and Canada. The business aircraft activity data for June 1-30, 2016 vs. May 1-31, 2016 and June 1-30, 2016 vs. June 1-30, 2015 respectively.

BlueSky Business Aviation News | 21st July 2016 | Issue #377