JetASAP Releases Q2 2024 Activity Report of Hourly Cost for On Demand Aircraft Charter

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Aug 05, 2024, 08:22 ET

Q2 2024 hourly rates decrease an overall average of three percent over Q1 2024

BOCA RATON, Fla., Aug. 5, 2024 /PRNewswire/ -- JetASAP, the only live private charter marketplace connecting flyers directly to aircraft operators to book their charter flights, today announces their latest charter activity report. Charter aircraft hourly rates for Q2 2024 drop an average of three percent over Q1 2024 while YoY rates for the quarter increase by two percent. Month over month, June 2024 charter rates dip another six percent compared to May 2024. This data was collected from over 20,000 direct charter operator quotes for the time periods.

June 2024 hourly rates for the turbo prop category showed the slightest dip of one percent per average billable flight hour to $4,370. The super mid jet class followed with a two percent decrease in average rates to $9,744 per flight hour. Rates for both light and mid jets decreased three percent to $7,022 and $8,196, respectively per occupied billable flight hour. The heavy jet category plunged another 20 percent with prices falling to $11,608 per billable flight hour.

"For the Q2 2024 data 75 percent of quotes that came through the app are on light and mid jets as 70 percent of all the trip requests are at or below 3.5 hours of flight time. In addition, the passenger count on these trips is between one and four people. The combined flight time with passenger count makes these trips the perfect mission for both light jet and mid jet aircraft and more cost effective for flyers," explains Lisa Sayer, CEO and founder.

*Charter Operator Hourly Rates for Q2 2024**
CATEGORY	LOW	AVERAGE	HIGH
Turbo Props	$2,250	$4,467	$6,120
Light Jets	$4,450	$7,044	$10,296
Mid Jets	$5,885	$8,425	$11,356
Super Mid Jets	$6,282	$9,747	$14,930
Heavy Jets	$6,119	\|$12,832	$19,519

*Charter Operator Hourly Rates for JUNE 2024**
CATEGORY	LOW	AVERAGE	HIGH
Turbo Props	$2,250	$4,370	$6,102
Light Jets	$4,607	$7,022	$9,466
Mid Jets	$6,000	$8,196	$10,997
Super Mid Jets	$6,932	$9,744	$14,013
Heavy Jets	$6,119	$11,608	$18,358

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 percent standard deviation to account for data anomalies.

Real-Time All-In quotes received by flyers through JetASAP in June:

New York to Boca Raton, FL
Nextant 400XTi (Light Jet) $13,000
Citation XLS (Mid Jet) $13,900

Miami to New York
Citation XLS (Mid Jet) $18,573
Falcon 50 (Super Mid Jet) $18,900

New York to Aspen
Challenger 350 (Super Mid Jet) $33,700
Gulfstream GV (Heavy Jet) $50,000

Los Angeles to Wilmington
Falcon 900 (Heavy Jet) $21,290
Gulfstream GIV (Heavy Jet) $43,330

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

About JetASAP
JetASAP offers an on-demand charter option via an app which allows members to book their charter flights directly with aircraft operators without any prepaid jet card memberships or high buy-in costs. The app provides features that include: the ability to submit quote requests to over 700 charter operators and receive live bookable quotes; the JetRATE cost estimate tool; partner services at discounted rates; access to 3,000+ daily empty leg and discounted one-way flights; and TripMATCH, where members automatically receive targeted emails for empty legs. The empty leg list is previously unpublished and exclusive to JetASAP.

Contact:
Claire Kunzman
4702278867
[email protected]

SOURCE JetASAP