BBD aircraft traffic perform betterCIBC: Airline Traffic Monitor – March 2024
Our monthly CIBC Airline Traffic Monitor provides an update on air traffic trends and key observations in commercial passenger traffic, business aviation and air cargo.
Business Jet Traffic Steady; Still Trending Above 2019 Levels: According to Radarbox, global business jet departures totalled 300,160 in February, up 1% M/M and up 2% Y/Y. Global business jet traffic remains 38% above 2019 levels. In the U.S. (the biggest business jet market), business jet activity was up 4% M/M and down 1% Y/Y. U.S. business jet traffic in February was 37% above its respective 2019 level. We continue to see BBD aircraft traffic perform better than industry in the month – BBD aircraft activity was up 1% M/M and up 8% Y/Y.