Projected demand for private charter flights suggests significant volatility over the early part of the Northern Hemisphere summer season, according to the latest data from online charter portal Avinode. The company’s forward-looking demand index for 30 days beginning June 2 showed marked decreases in most categories analyzed for the North American and European markets, with some notable exceptions.
Demand for charter flights is set to rise over the next 30 days as the European and North American markets gear up for the traditionally busy northern hemisphere summer season, according to data from online charter portal Avinode.
Demand for private charter flights is expected to pick up significantly this month, according to the latest forward-looking data from online charter portal Avinode. The Sweden-based group’s latest indices for the 30 days from January 7 show increases in projected demand for light, midsize and large-cabin business jets on both sides of the Atlantic, compared with the equivalent projections made on December 7.
With the exception of the light jets sector in Europe, demand for private and executive charter flights is holding up fairly well, according to the latest data from online charter portal Avinode. Demand for midsize and large-cabin jets in Europe on November 4 was, respectively, 42 and 74 points above where it had been a month earlier, based on Avinode’s forward-looking demand index, which projects anticipated demand for the next 30 days. Light jet demand was 70 points down over the same period.
The executive charter sector appears not to be making a promising start in the Northern Hemisphere summer season, according to the latest demand projections from online charter portal Avinode. As of June 5, the company’s forward-looking demand index showed anticipated aircraft bookings for the next 30 days generally down compared with the May 5 index.
Bedford, Mass.-based Jet Advisors is offering a new tool, dubbed the Private Jet Index, to support the aircraft-selection process by ranking and statistically scoring more than 30 parameters. Company president Kevin O’Leary said the patent-pending index also considers the needs and wants of each individual buyer and then weighs the aircraft scores accordingly.
The latest data from online charter portal Avinode shows a contrasting picture of demand fluctuations on either side of the Atlantic Ocean. Its forward-looking demand indices for March 4 shows demand in Europe picking up significantly in the light, midsize and heavy jet categories tracked, with the biggest increase being in the midsize segment where the index rose by almost 67 points month-over-month, to 184.6.
The latest forward-looking demand index from online charter portal Avinode stood at 206.86 for December 1–up almost 90 points on the November 1 index and nearly 40 points up from 12 months ago (see Demand Index chart). Avinode’s price index for the next 30 days confirms this expected trend, albeit at a more moderate level.
Online charter portal Avinode’s forward-looking demand index stood at 97.13 on November 7, more than 45 points lower than on October 7. Nonetheless, the current index is still three points above where it stood 12 months ago. Avinode’s price index for the next 30 days doesn’t paint such a clear picture of decline.
As the northern hemisphere’s busy summer season nears, the start of June saw projected charter demand rise by more than 30 points, according to the forward-looking demand index generated by online charter portal Avinode. Avinode’s June demand index is 150.89, up from the May 1 index of 120.64 and almost 30 points higher than a year ago. But the anticipated increase in demand for flights was not reflected in Avinode’s price index for June 1.
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