Charter Demand Outlook Mixed, Avinode Says
Recent data from Web-based executive charter portal Avinode shows mixed fortunes for charter operators worldwide, but there is no avoiding the overall picture that market conditions are still difficult even during what are generally the busiest months of the year. Avinode’s demand index on September 1 stood at 61.29–16.5 percent down on the 73.46 figure for August 1 and 29.5 percent down on the 86.96 logged on July 1. But over the same period its price index had improved moderately, rising by almost 2 percent from the July 1 index. The demand index indicates the average daily order value for flights requested through Avinode’s system for the following 30 days. The price index reflects average price per flight hour. The Avinode data also shows significant variations in international charter rates. For example, the average flight hour price for a Cessna Citation Excel in the U.S. on September 1 was $3,116 (about 0.5 percent down on the August 1 average of $3,277). Over the same period, the same type outside the U.S. market attracted an average hourly rate of $4,158 (up 1.6 percent from the August 1 price of $4,092). Avinode will be providing exclusive charter market data for AINalerts each month.