JetASAP Releases Q1 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 its latest charter activity report. The analysis includes data from over 20,000 charter operator quotes during the time periods. Charter aircraft hourly rates for Q1 2024 dropped an average of 7% over Q4 2023 and YOY rates for the quarter dropped 5%. March 2024 hourly rates month over month decline an average of 7%.

The turboprop and light jet categories remained relatively unchanged from February to March 2024 per average billable flight hour of $4,373 and $7,020, respectively. March average rates for Mid jets dipped 2% month over month to $8,672 per occupied billable flight hour, followed by a 3% dip for super mid jets to $9,930. Hourly rates for heavy jets experienced the largest decrease with prices falling 10% to $13,208 per billable flight hour.

“Overall, 53% of quotes received by flyers via the JetASAP app come in at or below the average hourly rates from charter operators across the US and Canada,” states Lisa Sayer, CEO and founder. “Our app allows flyers to book their private travel without any high up-front fees or prepaid jet card memberships,” explains Sayer.

Charter Operator Hourly Rates* for Q1 2024

Charter Operator Hourly Rates* for MARCH 2024

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 March:

Philadelphia to Miami
Phenom 300E (Light Jet) $17,661
Hawker 800XP (Mid Jet) $18,285

Palm Beach to New York
Citation Excel (Mid Jet) $14,500
Challenger 604 (Heavy Jet) $17,000

New York to Vancouver
Hawker 1000A (Mid Jet) $39,948
Challenger 350 (Super Mid Jet) $45,000

Aspen to Miami
Falcon 50 (Super Mid Jet) $26,000
Falcon 2000 (Heavy Jet) $32,395

Las Vegas to New York
Citation Longitude (Super Mid Jet) $31,336
Gulfstream GIVSP (Heavy Jet) $32,020

Indianapolis to Aspen
Nextant 400XTi (Light Jet) $18,000
Citation XLS+ (Mid Jet) $22,137

To learn more, please visit JetASAP.com or download the app from the App Store.