Monthly Flight Patterns

02. Monthly Flight Patterns Comparative Analysis: 2025 vs 2026 (Jan-Apr Actuals) Note: Flight counts based on departure statistics. YoY growth shown for completed months Jan-Apr 2026. Global Monthly Business Jet Departures & Year-over-Year Growth

180K 200K 220K 240K 260K 280K 300K 320K 340K 360K 380K -20% -5% +10% +25% 2025 Departures 2026 Actual Departures Actual YoY Growth % (Jan-Apr) Total Volume: April 2026 recorded 249,830 global business jet departures, a -5.12% YoY decline from April 2025's 263,314 flights. Following March's strong rebound (329,442 flights, +24.39% YoY), April activity moderated as the seasonal surge eased. With Jan-Apr 2026 cumulative volume at 1,013,456 flights versus Jan-Apr 2025's 998,955, the year-to-date trajectory remains marginally positive at +1.45% YoY .

Monthly Performance: April recorded 249,830 departures, a -24.17% sequential decline from March's 329,442 flights. The daily average of 8,328 flights across 30 operational days represents a return toward the 2025 monthly average of approximately 8,937 daily flights, well below March's 10,627 daily peak but above February's 6,922 daily trough.

Growth Dynamics: The -5.12% YoY contraction reverses March's +24.39% surge, indicating the prior month's strength was largely a calendar/timing effect rather than a structural acceleration. With April 2026 containing 30 days versus April 2025's

30 days, calendar effects are neutral. The sequential decline reflects normalization as the seasonal pull-forward of activity into March unwinds. Market Context: With Jan-Apr 2026 actuals now complete, the 4-month cumulative volume of 1,013,456 flights tracks +1.45% above the equivalent 2025 period (998,955 flights). Q1 2026 alone reached 763,626 flights versus Q1 2025's 735,641 (+3.80% YoY), driven by March's outperformance. April's softness has narrowed the YTD gap, suggesting a more measured growth pace heading into Q2.

Seasonal Patterns: The 2025 baseline trajectory shows steady volumes from May through November (272K-285K range), with October 2025 peaking at 285,452 departures. April's -5.12% YoY is the second negative monthly print of 2026 (after February's -16.16%), interrupting the alternating pattern of recovery and contraction. May 2025's 272,074 baseline establishes the next YoY benchmark, with sustained Q2 demand needed to maintain the YTD positive trajectory.