WINGX Global Market Tracker:

July 4th sets off strong start to Q3 bizjet demand

Global business jet activity continues its robust trajectory, with Week 27 (June 30th-July 6th) marking the 11th consecutive week of year-on-year growth at +5% versus the comparable period in 2024, according to WING's Global Market Tracker published today.

This sustained momentum underscores the resilience of the business aviation sector, with global Part 135 & 91K activity advancing 4% year-on-year and the four-week rolling average maintaining a +4% trajectory relative to last year.

The first half of 2025 demonstrates compelling sector fundamentals, with global business jet activity up 3.1% compared to H1 2024. The global turboprop fleet exceeded 1 million departures, representing 1.7% growth versus the prior year period.

June specifically delivered strong performance metrics, with the global business jet fleet flying 3.9% more sectors than June 2024, while the active fleet expanded 2.1% year-on-year.

Global business jet departures by week in the last 12 months.

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North America: Independence Day Catalyst Drives Outperformance

North American markets delivered particularly strong results in Week 27, led by exceptional Independence Day activity on July 4th.

The July 4th weekend (3rd-6th July) generated an impressive 16.6% more bizjet flights in the US compared to the same period in 2024. For the complete Week 27 period, the United States recorded 7% growth versus the comparable 2024 period, with North America overall achieving 6% expansion.

The four-week trend remains constructive at +5% compared to last year.

Operational Metrics by Segment:

• Part 135 and Part 91K sectors: +6% year-on-year (slightly below the four-week trend of +7%)
• Core state performance: Florida +4%, California +7%, Texas +8%

Airline Activity Context: During the July 4th period, the most active commercial routes included Los Angeles-San Francisco, Los Angeles-Las Vegas, and Chicago-New York corridors. Scheduled airline operations increased 3% compared to the same 2024
dates, modestly underperforming business jet growth rates.

Business jet and scheduled departures by city flows, departures from the United States, Week 27 2025.

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Half-Year Performance: At the midpoint of 2025, US business jet activity expanded 3.6% versus H1 2024, though the active fleet contracted 2% year-on-year. Combined business jet and turboprop operations exceeded 1.8 million flights, representing 2.2%
growth over H1 2024.

Bizjet and Turboprop Operator Performance by Category in H1 25 vs H124:

• Fractional operators continue strong momentum: +9.8% versus last year
• Corporate Flight Departments remain challenged: -7.4% versus last year
• Major operator highlights: NetJets and Flexjet recorded 10.7% and 17.5% growth respectively, while Vista Global declined 14.9%.

Europe: Italy and Switzerland Lead Regional Growth

European business jet activity increased 5% in Week 27 versus the comparable 2024 period, with commercial AOC operations advancing 1% year-on-year. Regional performance exhibited significant dispersion, with Italy and Switzerland emerging as standout performers with 16% and 10% growth respectively. The United Kingdom delivered solid 5% gains, while France declined 1% and Germany experienced a notable 10% contraction.

Half-Year Assessment: European business jet activity remains essentially flat versus 2024, while the active fleet expanded 2.1%. France, the region's largest market, and the United Kingdom both recorded modest 1% growth, with Italy achieving stronger 4% expansion. Germany's 7% decline reflects ongoing headwinds, with additional pressure anticipated this summer due to the comparative impact of last year's EUROS football tournament.

Operator Structure Analysis: Management fleets account for one-third of European activity, though departures trail H1 2024 by 5%. Consistent with North American trends, fractional operators demonstrate resilience with 6% growth versus last year.

Business jet departures by city flow, Europe, H1 2025.

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Rest of the World: Mixed Regional Performance

Business jet activity in regions outside Europe and North America advanced 2.7% in Week 27 versus the prior year. Performance varied significantly by geography: Asian flights declined 3% year-on-year, while South American activity surged 11% ahead of Week 27 2024. Middle East and Africa regions posted modest 1% gains respectively.

Business jet departures from countries outside of Europe and United States, H1 2025.

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WINGX Market Intelligence: Aircraft Utilization by Value Segment

New Analysis Framework: Utilizing combined aircraft fair market value data from JETNET and WINGX flight activity metrics, we analyze utilization patterns across aircraft in different value categories. Our analysis reveals that aircraft valued above $10 million demonstrate much higher monthly utilization rates compared to both lower-value aircraft and the global average. Conversely, aircraft valued below $10 million exhibit below-average utilization patterns.

Aircraft Utilization by Value Segment Analysis.

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Investment Implications: This utilization differential suggests premium aircraft segments maintain stronger demand fundamentals, potentially supporting both residual values and aftermarket service revenues for high-end manufacturers.

Short-term Market Outlook

The business aviation sector continues to demonstrate robust fundamentals through the first half of 2025, with sustained growth across most geographic regions and operator categories.

The 11-week consecutive growth streak underscores the sector's resilience and suggests continued strength in underlying demand drivers. We would expect sustained growth in the Americas and Asia markets. European summer demand is likely to stagnate slightly on last year, whereas the Gulf countries look well set for growth throughout the rest of this year.

Key Performance Drivers:

1. Fractional operator strength across both North American and European markets
2. Regional aviation hub activity maintaining elevated levels versus 2019 baselines
3. Premium aircraft segment outperformance supporting sector value propositions

Areas to Monitor:

1. Corporate flight department activity remains below historical norms
2. Geographic performance dispersion requires continued observation
3. Seasonal patterns may influence Q3 comparative metrics

Managing Director Richard Koe comments, “Q3 2025 has seen very robust demand for business jet travel, with the July 4th traffic well up on the last couple of years. The pace is clearly being set by program operators and premium aircraft.

"As well as the US, Latin America, Gulf and Asian countries are seeing strongest growth, with Europe fairly flat although the latest week was more encouraging.”

WINGX GmbH
Lilienstraße 11
20095 Hamburg
Germany.

+49 40 23 96 85 05

BlueSky Business Aviation News | 10th July 2025 | Issue #803