Overall Aircraft Charter Rates Swing Higher in November

 - December 6, 2022, 10:11 AM
Based on 1,983 quotes fliers received through the JetASAP app, fliers saw an overall 4.5 percent increase in hourly rates. (Photo: Mark Wagner)

On-demand, average hourly charter rates moved lower for light and heavy jets, but were higher for turboprops and midsize and super-midsize jets between October and November, according to private aviation charter marketplace JetASAP. Based on 1,983 quotes fliers received through the JetASAP app, fliers saw an overall 4.5 percent increase in hourly rates.

Specifically, light jet hourly rates fell 3 percent to $6,812 while heavy jets edged slightly lower by 0.3 percent to $13,916. However, rates for turboprops climbed 12 percent to $3,839, followed by a 9 percent increase for super-midsize jets to $11,723. Midsize jet rates increased 5 percent to $8,215.

“During the month of November our clients received an average of 7 quotes per trip request, which is a strong sign the industry is getting back to normal after unprecedented demand last year,” said JetASAP founder and CEO Lisa Kiefer Sayer. “Even with the rate increase in pricing as we expected, we are seeing great quotes come through the app."