Business aviation activity continues to grow, but the underlying numbers suggest a more uneven picture. ARGUS reported global flight activity was up 3.4% year over year in June, while WINGX reported business jet activity through July 12 was running 3.9% ahead of the same period in 2025. While this level of growth would typically be a positive trend, only one category is doing most of the heavy lifting for it. Activity in June Activity in North American increased 2.2%, led by fractional operations, which increased 10.4% year over year. Part 135 also grew by 2%, but Part 91 dropped by 1.1%. This difference is most noticeable in large cabin jets. The aircraft type decreased by 3.3% in total, including a 7.1% drop in Part 91 and a 3.4% drop in Part 135. Despite this, large jets had the largest individual increase in the Fractional market by 13.3%. This suggests continued demand for large-cabin charters, particularly through fractional programs rather than traditional Part 91 operations. Europe was flat in its activity year over year, growing only 0.1%, but results improved compared to May 2026. ARGUS reported the opposite for Africa, Asia, Australia and South America, with 11% activity growth compared to June 2025, but a 7.1% decrease compared to May 2026. What sustained activity means for owners Aircraft utilization supports the market, so it paints the clearest picture of current business aviation demand. With six consecutive positive months from ARGUS and a year-to-date gain approaching 4% from WINGX, it shows that demand remains durable instead of being event driven. Fractional activity is leading that growth, meaning customers are purchasing lifts at healthy levels. "June activity remained on positive footing," said Travis Kuhn, ARGUS senior VP of software. "There continues to be some erosion of demand in the large cabin market and it doesn't appear as though that will change anytime soon. On the positive side, Fractional activity continues to remain incredibly resilient with double digit yearly growth. Our overall forecast remains positive as we look into H2 2026." What to watch in the second half of 2026 The tell for the second half of 2026 will not be the overall growth numbers, but if large cabin Part 91 activity keeps sliding while Fractional activity climbs, as that difference is what will eventually affect resale values and move inventory