U.S., Sept. 8 -- The private jet market is facing unprecedented challenges as the COVID-19 pandemic has aggravated an already fragile industry. The private jet charter market is down 33.8% in volume year-to-date and even lower in revenue, with Europe doing worse than America. All charter market segments are impacted but the most affected are the long trans-continental and corporate charter flights. The current wave of new quarantine measures and travel restrictions will have an immediate and devastating effect on the market, predict LunaJets.

"Corporate flight demand, representing 70% of our business from September to Christmas, is weak despite really low rates on same-day returns or trans-Atlantic flights," notes Leboursier."It's a perf...