On-demand charter hourly rates have leveled off, remaining relatively flat overall month-over-month in August, according to charter marketplace JetAsap.
Based on direct quotes through its platform, JetAsap has found that turboprop rates in August dipped 2 percent, to $4,326 per billable flight hour, and light jet prices ebbed 3 percent, to $7,243 per hour. Midsize jet rates also declined by 4 percent, to $8,131.
However, the super-midsize jet rate increased by 8 percent—essentially offsetting an 8 percent decline in July. August rates averaged $11,094 per billable flight hour for super-midsize jet. Meanwhile, heavy jets also inched up, by 1 percent, to $13,978 per hour.
The company further revealed a sampling of quotes in August, such as from San Jose, California, to Pittsfield, Massachusetts. Quotes ranged from $31,049 for a Cessna Citation CJ3 to $37,900 for a Dassault Falcon 50 to $42,806 for a Bombardier Challenger 350.
Another request, for a trip from Miami to Aspen, Colorado, yielded quotes of $29,209 for an Embraer Phenom 300; $31,467 for a Hawker 800XP; $40,577 for a Citation X; and $48,919 for a Gulfstream IV-SP. And, travel from Vancouver, Canada, to Chicago would cost $31,679 for a Citation Excel and $46,500 for a Gulfstream V.
JetAsap noted that the hourly rate quotes were “all in,” including federal excise tax, fuel surcharges, and daily minimums.