Charter Jet Pricing Moves Lower in January

Overall average hourly air charter pricing in the first weeks of January was lower than in December, according to the latest report from private aviation charter marketplace JetASAP.

“JetASAP fliers experienced an overall 4 percent decrease in charter rates in the first weeks of January as the industry comes out of holiday peak season travel,” the company said. “This trend can be seen over all classes of jet aircraft following an overall increase from November to December in which rates increased an average of 2.6 percent.”

The pricing data is based on 2,830 quotes from customers using the JetASAP app. More than 700 charter operators are part of the JetASAP marketplace.

These declines were experienced among light, midsize, super-midsize, and heavy jets. Super-midsize jets saw the steepest drop, down 16 percent to $10,177 per billable flight hour. Average hourly rates for light jet charter fell 6 percent to $6,602, while midsize pricing slipped 5 percent to $8,083. Average hourly rates for heavy jets fell 7 percent to $12,496. The outlier was turboprops, for which hourly rates remained relatively unchanged at $4,133 after increasing in November.