JetASAP Releases January 2024 Activity Report of Hourly Cost for On Demand Aircraft Charter
/JetASAP, the only live private charter marketplace connecting flyers directly to aircraft operators to book their charter flights, has announced their latest charter activity report. January 2024 shows the industry’s annual cycle of decreasing charter rates in the New Year with an average decline of 10% overall. Turbo props decreased 10% to $4,386, while the light jet category experienced the largest drop of 14% to $6,741 per average billable flight hour. Mid jets saw the smallest dip of 5% to $8,502 per hour. The super mid category decreased 13% to $10,734 per hour and lastly heavy jets fell 9% to $13,765 per billable flight hour.
“These decreased charter rates are typical as the aviation market adjusts coming out of holiday travel. Another adjustment JetASAP has experienced is the significant increase in participation from charter operators with fifteen or more aircraft in their fleet. The charter industry runs on smaller operators as 90% of them that participate in JetASAP operate fourteen or less aircraft and 60% have less than four they utilize for charter. Most quotes coming through the app to our members were from the smaller operators until January,” explains Lisa Sayer, CEO and founder. “This group of larger aircraft operators that are now quoting and booking with our members shows us their clients are slowing down their demand for charter, their schedules are freeing up and the market is softening,” says Sayer.
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% standard deviation to account for data anomalies.
Real-time All-In quotes received by flyers through JetASAP in January:
New York to Miami
Citation I (Light Jet) $12,000
Hawker 800XP (Mid Jet) $18,800
Falcon 50 (Super Mid Jet) $21,500
Miami to New York
Citation Bravo (Light Jet) $14,609
Falcon 2000 (Heavy Jet) $20,052
New York to Los Angeles
Citation Latitude (Super Mid Jet) $36,575
Gulfstream G550 (Heavy Jet) $50,550
Jackson, WY to Ft. Lauderdale
Nextant 400XTi (Light Jet) $26,000
Challenger 300 (Super Mid Jet) $32,780
Palm Springs to Chicago
Learjet 60 (Mid Jet) $24,000
Citation Sovereign+ (Super Mid Jet) $31,344
Columbus,OH to Naples
Citation Ultra (Light Jet) $16,912
Hawker 400XP (Light Jet) $17,750
Los Angeles to Aspen
Citation CJ3 (Light Jet) $8,640
Learjet 60 (Mid Jet) $15,000
Citation X (Super Mid Jet) $15,812
Las Vegas to Los Angeles
Phenom 100 (Light Jet) $8,835
Citation XLS (Mid Jet) $14,688
Gulfstream G550 (Heavy Jet) $20,745
Nantucket to New York
King Air 200 (Turbo Prop) $5,350
Pilatus PC-12 (Turbo Prop) $7,535
Citation CJ2 (Light Jet) $8,250
To learn more, please visit JetASAP.com or download the app from the App Store.