As demand falls, Jet Card rates dip 5.2% in Q1 2023

private jet prices

As demand dropped, the average hourly jet card price fell to $11,165 per hour, including fuel surcharges and tax

Here’s some good news for jet card flyers. Jet card pricing is finally coming down, dropping 5.2% from December 2022.

It marks the first time hourly rates have decreased since the second half of 2020. That’s when the CARES Act removed the 7.5% Federal Excise Tax.

Q4 Report: 2022 private jet price for jet cards rose 21% last year

private jet at EBACE

Jet card prices rose to an average hourly rate of $11,748; however, Daily Minimums dropped to pre-Covid lows for light, midsize, and super midsize jets

When it comes to jet card prices for fixed-rate, guaranteed availability jet cards and memberships, the average hourly rate increased to $11,748 in Q4 2022.

Private jet charter price climbs 6% in Q2 as demand remains strong

private jet charter

The average jet card private jet charter price increased 6% from Q1 to $10,770 per hour, a 28% increase from the end of 2020

Demand for future flights remains strong with Private Jet Card Comparisons subscribers expecting to spend $427,569 on private flights in the next 12 months

The cost to charter a private jet using fixed or capped rate jet card programs with guaranteed availability increased 6% in the past three months. It follows a 5% increase in Q1. The average hourly private jet charter price for the fixed-rate memberships is now $10,770, up 28% from December 2020.

Private jet prices, call-outs, peak days for jet cards continue to increase

private jet

Despite the hike in charter costs, fixed-rate jet membership programs still offer lower prices than on-demand private jet rentals

Jet card fixed/capped rate private jet charter prices continue to go up. The lead time to book is increasing, and there are more restrictive peak days. However, an analysis by Private Jet Card Comparisons shows private jet membership programs with fixed/capped hourly rates still aren’t keeping up with higher prices for on-demand charters.

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