June activity completes positive 1H-2017
According to WINGX’s latest monthly business aviation monitor, June was the busiest month so far in 2017, with some 84,000 departures.
This takes the trend for 1H-2017 up by 2.7% year-over-year (YOY) to 3.1%, representing an additional 12,000 flights compared to 1H-2016. However, the report also reads that activity in June 2017 was still 4.5% down on a decade ago, in June 2007.
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France – Europe’s busiest market – saw a 6% drop in business aviation activity, but according to WINGX that was due to the unusually high level of activity during the Euro Football Championships last summer. Flight activity in France is still up by 1% on a YTD basis. Other large business aviation markets saw growth this month, modest for Germany, Switzerland and the UK, but more than 10% YOY in Spain and Italy. The biggest growth in country flows was evident between Germany and Spain, the UK and Italy.
Overall, flights in Southern Europe were up by 12% YOY in June, taking the 6-month trend for this region to 6%. Departures from Eastern Europe were up by 8% in June. Activity in the Russia market was flat, improving on a L12M trend of -4%. Transatlantic arrivals into Europe were up by 12% this month. More modest growth of 3% came in arrivals from the Middle East. Arrivals from North Africa were down 6%, but trending up 9% YTD. Arrivals from Asia were up 14% this month.
Private flights slightly decreased this month, with largest declines in France, Germany, UK, Switzerland. AOC activity maintained its growth in every month this year, with trends strongest this month in Germany, Italy and Spain.
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“Another solid growth month for business aviation activity in Europe, despite the absence of the Euro football championship finals which boosted activity last year,” comments WINGX Advance Managing Director Richard Koe. “Southern Europe is seeing strongest regional growth, reflecting the increase in activity at the most popular Med resorts such as Ibiza and Mallorca. Primarily, charter demand is driving this activity growth. London, Madrid and Berlin appear to be the most frequent connection points for this surge in flights. The signs are that summer 2017 could be a hot one for the European charter market.”