JetASAP Data Shows Summer Decline in Charter Rates

 - September 15, 2022, 11:44 AM
The only average hourly rates that remained unchanged over the summer were among super-midsize jets, according to an analysis by private aviation marketplace JetASAP. (Stock photo)

Hourly rates among charter operators fell by an average of 11 percent between June and August, according to an analysis from private aviation charter marketplace JetASAP. The data is based on 3,687 rate quotes from customers using the JetASAP app. More than 700 charter operators are part of the JetASAP marketplace. 

Despite the effect of higher fuel prices, turboprop average hourly rates decreased 17 percent in the three-month period, while light and midsize jet rates fell 12 and 20 percent, respectively. Super-midsize rates remained steady and heavy jet rates were 5 percent lower.

Some examples of quotes during the summer months include $15,765 for a Beechcraft King Air 350 turboprop twin from Milwaukee to Key West; $28,000 for a Bombardier Learjet 45 from Washington, D.C., to Jackson, Wyoming; $17,155 for a Learjet 75 from Pontiac, Michigan, to Palm Beach, Florida; $34,500 for a Cessna Citation X from Oakland, California, to White Plains, New York; and $43,030 for a Dassault Falcon 2000 from Atlanta to Burbank, California.