Private aviation sees significant growth with increased flight hours in 2024

The private aviation industry, which has been expanding since the early 2000s, saw notable increases during the COVID-19 pandemic. Wealthy travelers preferred private flights during that time for safety reasons. Despite a slight decline post-pandemic, the industry remains strong. According to Private Jet Card Comparisons, the US recorded over 3 million private jet flights in 2024, slightly down from 2023. However, some companies witnessed significant growth in flight hours year-over-year.

NetJets, a leader in the industry, reported 665,349 private jet flight hours in 2024. "This was a year-over-year increase of over 55,000 private jet flight hours, a 9.16% increase compared to the 609,000 private jet flight hours the company recorded in 2023." NetJets holds a 12.70% market share in the US private aviation market.

Flexjet ranked second in flight hour increases in 2024. "Flexjet saw a year-over-year increase of nearly 33,000 private jet flight hours, an increase of approximately 16.10%." Their total of 237,819 flight hours secured a market share of 4.54%.