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.
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