Aircraft Charter Demand and Prices Rise, Says Avinode

 - May 8, 2012, 4:11 PM

Demand for charter flights during May appears to be slightly down from last month but is nonetheless above where it was a year ago, according to the latest forecast from online charter portal Avinode. At 123.7, the company’s forward-looking demand index for May 1 is about two points down from last month and nine points above where it was 12 months earlier.

However, pricing looks set to hold up this month, with Avinode’s price index showing modest increases of almost 2 percent globally, with projected rises being greater in the U.S. market than in Europe. Avinode data for actual flight hour rates paid over recent months shows rates, for the most part, getting firmer.

In North America, sample rates for a Bombardier Challenger 604 and a Cessna Citation Excel increased by around 1 percent over three months earlier on Jan. 30, 2012 and by between 8 and almost 10 percent on the Oct. 30, 2011 averages. The average North American rate for a Hawker 800–$3,587 per hour–was marginally down from three months ago but almost 10 percent above that from six months ago. Outside North America, average rates for the Challenger 604 and the Excel were up between around 2 and 4 percent over the past six months, but were slightly down for the Hawker 800.