If flying privately makes travel safer and easier, figuring out private jet rental pricing can be confusing. We explain some of the variations
You want to charter a private jet from New York to Aspen and you want a large-cabin aircraft. A Gulfstream GIV or something similar sounds nice. You want the lowest price, and you notice checking around there is a big variance. Quotes for GIV and G450 types vary by as much as $25,000! You see other large-cabin jets with prices for much less, and then you see prices double your Gulfstream quotes.
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
While July 4th holiday private jet flights increased 5% compared to last year, Argus expects July numbers for private aviation will remain below 2019 levels
Whether or not the rebound in U.S. private jet travel has crested or not remains to be seen.
After a surge during the July 4th holiday – WingX data showed a 5% year-over-year increase – Argus projects when all is said and done, private flights will be 17% behind 2019 for the month.
While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued
From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.
During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.
In the latest WingX moving 7-day average, daily business aviation flights increased to 6,600 from last month’s low of 3,700
Statistics from three different researchers and the U.S. Transport Security Administration (TSA) will again give folks from the private jet side of the aviation business some reason to have pleasant dreams. Or at least blot out recent nightmares.