Regional Market Share

06. Regional Market Share Monthly Distribution Analysis | January 2026 vs February 2026 Note: Market share calculated by departure location. Total global departures: Feb 211,153 | Jan 264,992. February 2026 Market Share 211,153 Total Flights

North America 163,330 (77.35%) Europe 28,197 (13.35%) Rest of World 19,626 (9.29%) January 2026 Market Share 264,992 Total Flights North America 202,470 (76.41%) Europe 31,614 (11.93%) Rest of World 30,908 (11.66%) Month-over-Month Regional Comparison

Region Volume Change Share Change North America 202,470 163,330 -39,140 (-19.33%) +0.95 pp Europe 31,614 28,197 -3,417 (-10.81%) +1.42 pp Rest of World 30,908 19,626 -11,282 (-36.50%) -2.37 pp Global Total 264,992 211,153

-53,839 (-20.32%) — Key Insight February's market share distribution shows Europe gaining 1.42 percentage points as its -10.81% volume decline was less severe than the global average of -20.32%. Rest of World experienced the steepest contraction at -36.50%, losing 2.37 percentage points of market share. North America's share edged up 0.95 pp to 77.35% despite its -19.33% volume decline, as the region's contraction was modestly less severe than the global rate. Europe (28,197) now trails Rest of World (19,626) reversed — Europe leads Rest of World by 8,571 flights, the widest gap in recent months.

Regional Dynamics Analysis The January-to-February transition produced a significant global contraction of -20.32%, with each region absorbing the decline at markedly different rates. Europe demonstrated the strongest resilience at only -10.81%, lifting its share from 11.93% to 13.35%. This relative strength reflects sustained winter corporate travel demand and industry events across key European hubs.

North America's -19.33% decline was slightly less severe than the global average, nudging its dominant share upward to 77.35% (+0.95 pp). The region shed 39,140 departures as post-holiday seasonal softening continued, yet its underlying structural demand preserved its commanding position heading deeper into Q1.

Seasonal Share Patterns Rest of World's -36.50% contraction—by far the steepest among all regions—represents a sharp pullback following seasonal peaks. The region's share fell from 11.66% to 9.29% as demand in the Middle East, Asia-Pacific, and Latin America softened significantly during the February lull, compounded by calendar effects and regional holiday timing.

The February data reveals a widening gap: Europe (28,197 departures) now leads Rest of World (19,626 departures) by 8,571 flights—the widest margin in recent months. This divergence marks a reversal from the near-parity seen in January, driven by Europe's comparative resilience against Rest of World's steep seasonal decline.