Summer’s End Brings Dip in Air Charter Demand
Month-over-month, projected demand for charter flights over the next 30 days is set to dip across all aircraft categories, according to the latest data from online charter portal Avinode. However, on both sides of the Atlantic and for all aircraft categories, demand levels were ahead of where they stood a year ago, with higher increases seen in North America.
The company’s forward-looking demand index for September 3 showed the greatest month-over-month reductions in the European marketplace, where the peak summer vacation season has ended. In that region, demand for light jets is anticipated to fall by 172 points, while midsize and large-cabin jets are down 76 and 23 points, respectively. The projected month-over-month dip in demand in the North American market is expected to be far less by comparison, as summer vacation travel is a less significant driver in this region.
As usual, Avinode’s pricing index showed only slight fluctuations over the same period. Of the average flight hour rates over the past 30 days tracked by Avinode for AIN, the highest increase was for the Challenger 604 in North America, which commanded an average rate of $5,037 (€3,912).