Analyst Says Business Aviation’s Recovery Is Happening Quicker Than Expected Written 22 June 2020

Aviation International News reported that Baird Equity Research Senior Research Analyst Peter Arment “is seeing a U-shaped recovery in business aviation shifting to a V-shaped one, according to his note to investors.” Arment said, “Flights are continuing on the path to recovery in June, now representing a 21 percent decline [month-to-date] versus 2019 after May activity was down 44 percent and April down 68 percent.” Among “turbine business aircraft airframers, Cessna models saw a 14.4 percent year-over-year increase in flights on June 17 and its June activity is down 13 percent compared with declines of 36 percent for Gulfstream, 33 percent for Dassault Falcon, 31 percent for Bombardier, and 26 percent for Embraer, Arment wrote.”
Full Story (Aviation International News)