Regional Flight Range Breakdown — February 2026

Regional Flight Range Breakdown — February 2026 North America Short 87,104 YoY -18.12% MoM -18.64% Medium 71,576 YoY -16.55% MoM -20.16% Long 4,647 YoY +5.83% MoM -19.24% Europe Short 18,272 YoY -8.93% MoM -8.36% Medium 8,213

YoY -8.86% MoM -13.68% Long 1,711 YoY -2.51% MoM -20.53% Rest of World Short 10,774 YoY -25.99% MoM -39.65% Medium 6,920 YoY -18.54% MoM -33.41% Long 1,926 YoY -10.38% MoM -26.29% Year-over-Year Growth Comparison by Region and Flight Type

Region Short-Haul YoY Medium-Haul YoY Long-Haul YoY Trend Summary North America -18.12% -16.55% +5.83% Long-haul sole growth Europe -8.93% -8.86% -2.51% Broad-based decline Rest of World -25.99% -18.54% -10.38% Steepest contraction

Key Regional Insight February 2026 marks a reversal from January's mixed YoY performance, with broad-based declines across nearly all segments. North America's long-haul was the sole positive YoY performer at +5.83%, confirming sustained intercontinental demand. Rest of World experienced the steepest contraction, with short-haul declining -25.99% YoY, reflecting sharp normalization. Europe showed the most balanced pattern, contracting between -2.51% and -8.93% YoY.

North America Analysis North American operations experienced broad declines, with short-haul falling -18.12% YoY and medium-haul declining -16.55% YoY. The sole bright spot was long-haul, which posted a +5.83% YoY gain despite a -19.24% MoM contraction, underscoring the resilience of intercontinental missions.

The February calendar effect (three fewer days than January) amplified declines. However, the severity of YoY losses in short and medium-haul suggests demand softening beyond calendar compression. Long-haul's positive YoY trajectory confirms premium transcontinental operations remain insulated from the broader downturn.

Europe Analysis European business aviation showed the most evenly distributed YoY declines. Short-haul fell -8.93% YoY with a moderate -8.36% MoM decline, while medium-haul contracted -8.86% YoY. Long-haul posted the mildest YoY decline at -2.51% but the steepest MoM drop at -20.53%, reflecting the winding down of winter intercontinental travel.

Europe's moderate YoY declines suggest greater resilience to the broader downturn. The balanced contraction across all segments points to demand recalibration rather than structural shift. The mild long-haul decline of -2.51% indicates intercontinental connectivity from European hubs remains well-supported.

Rest of World Analysis Rest of World experienced the most severe contraction, reversing the growth trajectory seen throughout 2025. Short-haul plummeted -25.99% YoY and -39.65% MoM, medium-haul fell -18.54% YoY, and long-haul declined -10.38% YoY. The near-40% MoM drop in short-haul signals a sharp pullback in Middle Eastern and Asia-Pacific markets.

This contraction likely reflects normalization from an elevated prior-year baseline and seasonal patterns in key markets. The long-haul segment's shallower YoY contraction (-10.38% vs -25.99% for short-haul) suggests international connectivity from emerging market hubs retains more structural support than regional flying.