Q2 2024 hourly rates decrease an overall
average of three percent over Q1 2024
BOCA
RATON, Fla., Aug. 5, 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. Charter aircraft hourly rates for Q2 2024 drop an average
of three percent over Q1 2024 while YoY rates for the quarter
increase by two percent. Month over month, June 2024 charter rates dip another six percent
compared to May 2024. This data was
collected from over 20,000 direct charter operator quotes for the
time periods.
June 2024 hourly rates for the
turbo prop category showed the slightest dip of one percent per
average billable flight hour to $4,370. The super mid jet class followed with a
two percent decrease in average rates to $9,744 per flight hour. Rates for both light and
mid jets decreased three percent to $7,022 and $8,196,
respectively per occupied billable flight hour. The heavy jet
category plunged another 20 percent with prices falling to
$11,608 per billable flight hour.
"For the Q2 2024 data 75 percent of quotes that came through the
app are on light and mid jets as 70 percent of all the trip
requests are at or below 3.5 hours of flight time. In addition, the
passenger count on these trips is between one and four people. The
combined flight time with passenger count makes these trips the
perfect mission for both light jet and mid jet aircraft and more
cost effective for flyers," explains Lisa
Sayer, CEO and founder.
Charter Operator
Hourly Rates* for Q2 2024
|
|
|
|
CATEGORY
|
LOW
|
AVERAGE
|
HIGH
|
Turbo Props
|
$2,250
|
$4,467
|
$6,120
|
Light Jets
|
$4,450
|
$7,044
|
$10,296
|
Mid Jets
|
$5,885
|
$8,425
|
$11,356
|
Super Mid
Jets
|
$6,282
|
$9,747
|
$14,930
|
Heavy Jets
|
$6,119
|
|$12,832
|
$19,519
|
Charter Operator
Hourly Rates* for JUNE 2024
|
|
|
|
CATEGORY
|
LOW
|
AVERAGE
|
HIGH
|
Turbo Props
|
$2,250
|
$4,370
|
$6,102
|
Light Jets
|
$4,607
|
$7,022
|
$9,466
|
Mid Jets
|
$6,000
|
$8,196
|
$10,997
|
Super Mid
Jets
|
$6,932
|
$9,744
|
$14,013
|
Heavy Jets
|
$6,119
|
$11,608
|
$18,358
|
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
June:
New York to Boca Raton, FL
Nextant 400XTi (Light Jet) $13,000
Citation XLS (Mid Jet) $13,900
Miami to New York
Citation XLS (Mid Jet) $18,573
Falcon 50 (Super Mid Jet) $18,900
New York to Aspen
Challenger 350 (Super Mid Jet) $33,700
Gulfstream GV (Heavy Jet) $50,000
Los Angeles to Wilmington
Falcon 900 (Heavy Jet) $21,290
Gulfstream GIV (Heavy Jet) $43,330
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; 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.
Contact:
Claire Kunzman
4702278867
381357@email4pr.com
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SOURCE JetASAP