An Argus aircraft activity report has demonstrated that business aviation activity dropped for the first time this year (2018).
Investors do not have much of a warning to heed, however, as the the first drop in the year was not substantial.
Flight activity slipped 0.1% year over year last month.
The report stated: “TRAQPak’s review of year over year flight activity (June 2018 vs. June 2017) indicates that June 2018 recorded a decrease of 0.1%.
The results by operational category were all red with Fractional activity showing the largest yearly decline, down 0.7% year over year.
Part 91 activity followed with a drop of 0.1% while Part 135 activity recorded 6 fewer flights than 2017 to remain flat, 0.0%.
The aircraft categories were mixed with large jets posting the largest gain from 2017, up 1.5%. Mid-size jets posted an increase of 1.4%, while light jets
posted a 0.5% year over year decrease.
The turboprop segment posted a decline of 1.9%.