The latest data from Charter X and Avinode paints conflicting pictures of the fortunes of the executive charter market over the past month. Avinode’s demand index for November 1 dipped below 60, having stood at 69.1 just 30 days earlier. Over the same period, Avinode’s average price index showed a slight fall of less than 1 percent to 92.86.
Executive charter activity is not recovering in line with the prevailing uptick on international stock markets, according to the latest data from online charter marketplace CharterX. While both the Wall Street-based S&P 500 Index and London’s FTSE 100 have made up for lost ground since March, the number of for-hire flights made has continued to dip or at best remain flat.
Virgin Charter today announced that it has partnered with global travel management company Radius, which will use the online marketplace to find and book charter flights for its clients. The news is tempered, however, by reports that Virgin Charter has laid off a number of employees.
The FAA has provided grant money to fund a hotline for charter operators to report “suspected illegal commercial activity,” according to the National Air Transportation Association, which is administering the system.