Private Jet Card, Membership Prices Continue To Climb

Fixed and capped hourly rate jet cards and memberships increased 4.9 percent quarter-over-quarter, according to private aviation services buyer’s guide Private Jet Card Comparisons. The average hourly price climbed to $11,748 across all categories in the fourth quarter, capping a 21 percent rise for all of last year.

However, the company said there's cause for optimism. It cited daily minimum charges decreasing to 94.7 minutes in the fourth quarter, down from a high of 109.3 minutes in the second quarter. While this is higher than the pre-COVID low of 86.2 minutes in fourth-quarter 2019, the result was that the cost of shorter flights dropped by 8.8 percent late last year.

Meanwhile, the average cost for fixed-rate jet cards beat on-demand charter pricing in five of 12 flight scenarios tracked quarterly by the company. The $27,738 average flight price for fixed and capped-rate jet cards and memberships with guaranteed availability essentially matched the lowest on-demand flight costs of $27,853.