Charter, Fractional flight activity continue gains to start 2022 as demand for private jets remains at record levels
While global private jet flights for Week 1 of 2022 were 5% below the previous week, charter and fractional flights saw an 8% gain week-to-week for the second consecutive week.
U.S. charter and fractional flights 71% higher than 2019 over New Year’s weekend, according to the latest WingX data
2021 ended with private jet flights climbing even higher, according to WingX data. Compared to the prior week, global private jet flights surged 7% for the week ending January 2, 2022. The 65,839 flights represented a 50% jump compared to 2019, representing a 29% gain compared to pre-Covid levels for the trailing four weeks.
Jet membership average hourly rates for light jets increased 8.3% to $6,978 while turboprops spiked 24.6% to $5,982 per hour
Guaranteed availability jet cards and memberships with fixed or capped rates increased prices by 5.6% during the past three months.
Jet card execs from Air Partner, Magellan Jets, and Nicholas Air say having hundreds of customers instead of thousands is a benefit
Two are brokers; the other is an operator. None are small, but they are not the most prominent players when it comes to selling jet cards.