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.
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.
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.
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.