The industry enters a perfect storm.
The private jet market is facing unprecedented challenges as the COVID-19 pandemic has aggravated an already fragile industry. The private jet charter market is down 33.8% in volume year-to-date and even lower in revenue, with Europe doing worse than America. All charter market segments are impacted but the most affected are the long trans-continental and corporate charter flights. The current wave of new quarantine measures and travel restrictions will have an immediate and devastating effect on the market, predicts LunaJets.
The Perfect Storm