logo
Climate, Anti-Wealth Groups Fail To Stymie Demand For Private Jets

Climate, Anti-Wealth Groups Fail To Stymie Demand For Private Jets

Forbes2 days ago
Efforts by climate and anti-wealth campaigners to hold back demand for private jet flights are failing, at least so far in 2025.
Despite efforts by more countries to impose taxes on private jet flights (as well as first- and business-class tickets on airlines), demand for private jet flights increased during the first half of 2025 compared to 2024.
WingX data shows that worldwide private jet segments increased by 3% through June, resulting in more than 1.8 million departures.
And it wasn't just jets. Turboprops flew over an additional one million flights, a 2% year-over-year increase.
The gains come after two years of slight decline after Covid-led demand peaked in 2022.
So far in 2025, only two weeks have seen a year-over-year dip, including Week 1. Since then, the industry has experienced increases in 22 weeks, with two weeks showing no change.
In the U.S., the largest market for private aviation, departures increased by 3.6%, and flight hours rose 3.4% year-over-year, according to WingX.
All the major cabin-size categories saw gains (only entry-level jets and VIP airliner jets saw dips).
Light jets, the largest segment of the industry (26.5% of departures in H1), saw a 3.5% year-over-year increase, although flight hours were only up 2.7%, indicating more short hops.
The ability to fly nonstop and avoid connecting via hubs, as well as the convenience of flying instead of taking long drives, are among the top reasons users choose private flights, according to research by Private Jet Card Comparisons.
However, it wasn't just above short hops. Ultra-long-range jets, which can fly 12 hours or more nonstop, saw a 5.3% increase in segments, tied with super-light jets for the biggest year-over-year gain.
Even in Europe, where groups regularly target private jet users with protests at airports, the segment increased by 0.3% year-over-year.
France, Europe's largest market for private aviation, saw a 1.1% increase in demand despite efforts to increase taxes on charter flights.
Among the 10 largest markets, Spain led the way with a 5.3% year-over-year gain, while Italy (+3.8%), Sweden (+0.7%), and the United Kingdom (+0.7%) all saw year-over-year increases in private jet flights.
What's more, the industry appears bullish on itself.
NetJets took delivery of its first two Embraer Phenom 500s. It has options for up to 250 midsize jets, in addition to options and orders for over 1,500 more private jets from Textron Aviation and Bombardier.
A mystery buyer placed a firm order with Bombardier for 50 jets. The Canadian manufacturer stated that it is a first-time customer, ruling out the three most prominent players – NetJets, Flexjet, and Vista Global – and indicating that it could be a new entrant.
The order, which includes options for 70 more jets, is initially valued at $1.7 billion and could range to over $4 billion.
Bombardier only manufactures super-midsize, large, and ultra-long-haul private jets, all with stand-up cabins across its Challenger and Global lines, meaning whoever is behind the order is seeking to play in the premium, long-haul segment of the market.
That follows a record order by Flexjet with Embraer earlier this year that will see it double its fleet to over 600 aircraft by early next decade.
NetJets expects to take delivery of approximately 90 new jets this year, according to company executives.
The unit of Berkshire Hathaway, which offers fractional ownership programs, said the airplanes it received were sold to customers before their arrival.
While concerns about tariffs and trade wars persist, Q1 pre-owned private jet transactions among members of the International Aircraft Dealers Association increased by 24%.
The General Aviation Manufacturers Association, which tracks deliveries of new private aircraft, has an 11% year-over-year increase in business jet deliveries in Q1, however, that trailed the increase for turboprop deliveries, which were up 23.1% year-over-year.
Bonus depreciation, part of the Big Beautifull Bill, passed by the U.S. Congress and signed into law by President Donald J. Trump, which applies to private jets used for business, is expected to add froth to the market.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Zacks Market Edge Highlights: PANW, PLTR and AVGO
Zacks Market Edge Highlights: PANW, PLTR and AVGO

Yahoo

time16 minutes ago

  • Yahoo

Zacks Market Edge Highlights: PANW, PLTR and AVGO

Chicago, IL – July 7, 2025 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: Welcome to Episode #451 of the Zacks Market Edge Podcast. PANW, PLTR and AVGO are breaking out to new highs in 2025. Each of these technology companies are expected to see double digit earnings growth in 2025. Investors should put PANW, PLTR and AVGO on their short lists. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This week, Tracey is going solo to profile 3 red-hot growth stocks investors should keep on their short lists for the second half of 2025. There is nothing cheap about these stocks. Investors are buying the massive earnings and sales growth for this year and next. These 3 stocks are breaking out to new highs but have momentum. The growth stock bulls are charging. 1. Palo Alto Networks, Inc. PANW Palo Alto Networks is a global cybersecurity company. It's a large cap company with a market cap of $133.7 billion. Earnings rose 27.9% in fiscal 2024 and are expected to jump another 15.1% in fiscal 2025. Shares of Palo Alto Networks are trading near their all-time highs as cybersecurity demand remains elevated. Year-to-date, it's up 8.2%. Palo Alto Networks has a PEG ratio, which measures the price-to-earnings divided by the growth, of 3.0. A PEG ratio under 1.0 indicates value. A PEG ratio over 5 means a company is expensive. Palo Alto Networks is in the middle. Not too expensive but not a value either. Should a cybersecurity company like Palo Alto Networks be on your watch list in the second half? 2. Palantir Technologies PLTR Palantir is an AI-driven software company with a market cap of $308 billion. It has been one of the hottest stocks of 2025, gaining 75% year-to-date. Palantir grew earnings by 64% in 2024 and is expected to grow them another 41.5% in 2025. However, even with the growth, Palantir is an expensive stock. Palantir trades with a PEG ratio of 7. It also has a price-to-sales (P/S) ratio of 99. A P/S ratio over 10 is considered expensive. But the shares keep soaring to new highs. Should investors ride the Palantir momentum in the second half of the year? 3. Broadcom Inc. AVGO Broadcom is a $1.2 trillion dollar semiconductor company. In 2024, it grew earnings by 15.4%. But in 2025, analysts believe it will step it up a notch, with earnings expected to jump 36.3%. Shares of Broadcom are up 16.3% year-to-date and it is hitting new all-time highs. Compared to other red-hot technology companies, Broadcom has an attractive PEG ratio of just 1.6. That's almost cheap. Is Broadcom a cheaper way to play the AI Revolution? What Else Should You Know About Palo Alto Networks, Palantir and Broadcom? Tune into this week's podcast to find out. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Shift in Consumer Spending Challenged Target (TGT) in Q2
Shift in Consumer Spending Challenged Target (TGT) in Q2

Yahoo

time16 minutes ago

  • Yahoo

Shift in Consumer Spending Challenged Target (TGT) in Q2

ClearBridge Investments, an investment management company, released its 'ClearBridge Large Cap Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the growth stocks rebounded from tariff uncertainty, with technology and communication services sectors leading in the return to a risk-on environment. The S&P 500 Index returned 10.9% in the quarter, while the technology-heavy NASDAQ Composite soared 17.7%. The benchmark, the Russell 1000 Growth Index, rose 17.8% in the quarter, outperforming the Russell 1000 Value Index. Against this backdrop, the strategy underperformed its benchmark in the second quarter. IT and communication services sectors contributed to the performance while the health care sector detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, ClearBridge Large Cap Growth Strategy highlighted stocks such as Target Corporation (NYSE:TGT). Target Corporation (NYSE:TGT) is a US-based general merchandise retailer. The one-month return of Target Corporation (NYSE:TGT) was 6.93%, and its shares lost 28.55% of their value over the last 52 weeks. On July 3, 2025, Target Corporation (NYSE:TGT) stock closed at $104.06 per share, with a market capitalization of $47.28 billion. ClearBridge Large Cap Growth Strategy stated the following regarding Target Corporation (NYSE:TGT) in its second quarter 2025 investor letter: "After making progress on margin expansion through the first half of 2024, mass market retailer Target Corporation (NYSE:TGT) has more recently been challenged by continued shifts in consumer spending away from discretionary categories, like home and electronics, which make up the majority of the company's sales and carry higher margins. Tariffs on imports from China are likely to further pressure Target's business. Despite the company's execution to protect margins in a difficult operating environment, we see risks weighted to the downside, leading us to exit the position." A woman purchasing groceries at a Target store, with a cart full of products. Target Corporation (NYSE:TGT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 62 hedge fund portfolios held Target Corporation (NYSE:TGT) at the end of the first quarter, compared to 56 in the fourth quarter. While we acknowledge the potential of Target Corporation (NYSE:TGT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Target Corporation (NYSE:TGT) and shared the list of stocks that Jim Cramer recently commented on. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Clearbridge Large Cap Growth Strategy Sold Adobe (ADBE) Due to Concerns Over Market Penetration and Competition
Clearbridge Large Cap Growth Strategy Sold Adobe (ADBE) Due to Concerns Over Market Penetration and Competition

Yahoo

time16 minutes ago

  • Yahoo

Clearbridge Large Cap Growth Strategy Sold Adobe (ADBE) Due to Concerns Over Market Penetration and Competition

ClearBridge Investments, an investment management company, released its 'ClearBridge Large Cap Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the growth stocks rebounded from tariff uncertainty, with technology and communication services sectors leading in the return to a risk-on environment. The S&P 500 Index returned 10.9% in the quarter, while the technology-heavy NASDAQ Composite soared 17.7%. The benchmark, the Russell 1000 Growth Index, rose 17.8% in the quarter, outperforming the Russell 1000 Value Index. Against this backdrop, the strategy underperformed its benchmark in the second quarter. IT and communication services sectors contributed to the performance while the health care sector detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, ClearBridge Large Cap Growth Strategy highlighted stocks such as Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is a technology company that operates through Digital Media, Digital Experience, and Publishing and Advertising. The one-month return of Adobe Inc. (NASDAQ:ADBE) was -9.02%, and its shares lost 34.41% of their value over the last 52 weeks. On July 3, 2025, Adobe Inc. (NASDAQ:ADBE) stock closed at $379.31 per share, with a market capitalization of $160.903 billion. ClearBridge Large Cap Growth Strategy stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its second quarter 2025 investor letter: "Following trims over the last several quarters, we exited a position in Adobe Inc. (NASDAQ:ADBE) due to concern about high levels of existing penetration of its product suite and competitive risks. AI won't be winner takes all, and Adobe is an example where we believe AI is lowering barriers to entry and increasing competitive pressure on the business. The due diligence that led us to sell Adobe is part of a broader analysis we have been conducting about the impact of agentic AI, software systems which complete tasks autonomously." A team of engineers and scientists collaborating at a workstation surrounded by their applications and solutions. Adobe Inc. (NASDAQ:ADBE) is in 13th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 111 hedge fund portfolios held Adobe Inc. (NASDAQ:ADBE) at the end of the first quarter, compared to 117 in the fourth quarter. In the fiscal second quarter of 2025, Adobe Inc. (NASDAQ:ADBE) reported revenue of $5.87 billion, representing 11% year-over-year growth. While we acknowledge the potential of Adobe Inc. (NASDAQ:ADBE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Adobe Inc. (NASDAQ:ADBE) and shared the list of trending AI stocks on news and ratings. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store