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.
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.
Charter brokers are navigating new rules of engagement for sourcing your private charter flights. It impacts what you pay and how you fly
Brokers who sell on-demand private jet charter flights say it’s not just availability and price that’s an issue. Record demand has changed the ways jet owners and the operators who manage their aircraft and sell charter flights are working.