Q1 2024 hourly rates decrease an overall average of seven
percent over Q4 2023
BOCA
RATON, Fla., April 24,
2024 /PRNewswire/ -- JetASAP, the only live private
charter marketplace connecting flyers directly to aircraft
operators to book their charter flights, today announces their
latest charter activity report. The analysis includes data from
over 20,000 charter operator quotes during the time periods.
Charter aircraft hourly rates for Q1 2024 drop an average of seven
percent over Q4 2023, and YOY rates for the quarter drop five
percent. March 2024 hourly rates for
month over month decline an average of seven percent.
The turbo prop and light jet category remained relatively
unchanged from February to March 2024
per average billable flight hour of $4,373 and $7,020,
respectively. March average rates for mid jets dipped two percent
month over month to $8,672 per
occupied billable flight hour, followed by a three percent dip for
super mid jets to $9,930. Hourly
rates for heavy jets experienced the largest decrease with prices
falling 10 percent to $13,208 per
billable flight hour.
"Overall, fifty-three percent of quotes received by flyers via
the JetASAP app come in at or below the average hourly rates from
charter operators across the U.S. and Canada," said Lisa
Sayer, JetASAP Founder and CEO. "Our app allows flyers to
book their private travel without any high upfront fees or prepaid
jet card memberships."
Charter Operator Hourly Rates* for Q1 2024
CATEGORY
|
LOW
|
AVERAGE
|
HIGH
|
Turbo Props
|
$2,639
|
$4,363
|
$6,208
|
Light Jets
|
$4,397
|
$6,908
|
$9,580
|
Mid Jets
|
$6,326
|
$8,668
|
$11,633
|
Super Mid Jets
|
$6,802
|
$10,308
|
$15,056
|
Heavy Jets
|
$9,029
|
$13,824
|
$20,396
|
Charter Operator Hourly Rates* for March 2024
CATEGORY
|
LOW
|
AVERAGE
|
HIGH
|
Turbo Props
|
$2,544
|
$4,373
|
$6,365
|
Light Jets
|
$4,330
|
$7,020
|
$9,947
|
Mid Jets
|
$6,329
|
$8,672
|
$11,404
|
Super Mid Jets
|
$6,765
|
$9,930
|
$14,444
|
Heavy Jets
|
$8,400
|
$13,208
|
$20,119
|
Source: JetASAP hourly rates are based on direct quotes
from charter operators' flight charges received through the JetASAP
platform. All hourly rates are based on actual occupied passenger
flight hours from takeoff to landing, are "all-in" and include
federal excise tax (FET), fuel surcharges, as well as daily
minimums, if applicable.
*Statistics include a 10 percent standard deviation to account
for data anomalies.
Real-time, all-in quotes received by flyers through JetASAP
in March:
Philadelphia to Miami
Phenom 300E (Light Jet) $17,661
Hawker 800XP (Mid Jet) $18,285
Palm Beach to New York
Citation Excel (Mid Jet) $14,500
Challenger 604 (Heavy Jet) $17,000
New York to Vancouver
Hawker 1000A (Mid Jet) $39,948
Challenger 350 (Super Mid Jet) $45,000
Aspen to Miami
Falcon 50 (Super Mid Jet) $26,000
Falcon 2000 (Heavy Jet) $32,395
Las Vegas to New York
Citation Longitude (Super Mid Jet) $31,336
Gulfstream GIVSP (Heavy Jet) $32,020
Indianapolis to Aspen
Nextant 400XTi (Light Jet) $18,000
Citation XLS+ (Mid Jet) $22,137
To learn more, please visit JetASAP.com or download the app from
the App Store.
About JetASAP
JetASAP offers an on-demand charter option via an app, which
allows members to book their charter flights directly with aircraft
operators without any prepaid jet card memberships or high buy-in
costs. The app provides features that include: the ability to
submit quote requests to over 700 charter operators and receive
live bookable quotes; the JetRATE cost estimate tool; partner
services at discounted rates including aircraft mechanical coverage
and support; access to 3,000+ daily empty leg and discounted
one-way flights; and TripMATCH, where members automatically receive
targeted emails for empty legs. The empty leg list is previously
unpublished and exclusive to JetASAP.
Media Contact:
Claire Kunzman
407-227-8867
376681@email4pr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/jetasap-releases-q1-2024-activity-report-of-hourly-cost-for-on-demand-aircraft-charter-302125615.html
SOURCE JetASAP