RE:Biz jet flying hours. Good to see folks looking at some of the underlying fundamentals, like flight activity and used biz jet data, both of which are a little soft compared to last year, but way improved from pre-Covid 2019.
IIRC, Argus forecasted the number of flights in 1H 23 to soften vs 22 (but be >19) but then pick back up a bit in 2H. Can't remember they're reasoning, tho. So, actuals coming in as expected.
Martel addressed the actuals a bit on the call by saying the uptick in traffic since Covid began has in fact been sticky. Up 34% for the recent week, per the data above, backs that up, and shows that it's been huge, actually.