Short-flight Flyers Experiencing A Drop In Prices As Jet Card Rate Increases

Friday, July 12, 2024

In the second quarter of 2024, the sellers of fixed and capped-rate jet cards with
definite availability have augmented their pricing. But, they are constant in terms
of using hours easier with lesser peak days, lower daily minimums and
concentrated lead time to book flights.
As per a recent study of Private Jet Card Comparisons, a guide for the buyers
toward private aviation flight programs that measures more than 80 jet card and
fractional providers and over 1,000 programs, the average hourly rate have risen
0.8% from Q1 of 2024, when rates increased by 1%.
The President and Editor-in-Chief of Private Jet Card Comparisons, Doug Gollan,
said that it’s a positive update, bad news situation. In 2023, after experiencing
deterioration from their 2022 highs, the pricing of jet card has now even out and
is shuffling back up.
At the end of Q2 2024, the average hourly jet card price was $10,953. It was 6.8%
less than Q4 2022 however, still 30.3% higher than Q4 2020, when the CARES Act
renounced the 7.5% Federal Excise Tax.
Jet card rates are 23.6% advanced than Q4 2019 pre-Covid. The hourly rating for
Ultra-Long-Haul jets is just 12.2% higher than in Q4 2019.