Online private charter marketplace JetASAP is reporting mixed results on charter pricing with turboprop billable flight hours increasing and super midsize and heavy jets sliding last month.
According to JetASAP, the average billable flight hour last month for turboprops increased by 5%, to $4,610, and remained flat at $8,626 for midsize jets from March. However, the average billable flight hours dipped by 2% month-over-month for light jets, to $6,895; -4% for super midsize jets, to $9,525; and -2% for heavy jets, to $12,991. For heavy jets, that showing represents a 12% drop since February.
"We are seeing more heavy jet operators getting aggressive with their pricing, and the majority of their quotes received by our members falling between a low hourly rate of $8,231 to an average rate of $12,991 per billable flight hour," said JetASAP founder and CEO Lisa Sayer.
Hourly rates quoted through the JetASAP app have ranged from $8,231 to $19,519 for heavy jets; $6,282 to $14,930 for super midsize jets; $6,150 to $11,356 for medium jets; $4,450 to $9,168 for light jets; and $2,612 to $6,024 for turboprops.
JetASAP also provided samples of some real-time quotes through its app, such as a flight between Ft. Lauderdale, Florida to Teterboro, New Jersey, in a Cessna Citation CJ3 for $15,000 or a Citation Excel for $13,840. A trip between Teterboro and Las Vegas was quoted at $34,500 in a Citation X and $35,490 in a Citation Sovereign+, while a flight between Teterboro and London would cost $69,000 in a Gulfstream IV-SP, $81,000 in a GV, or $85,000 in a Bombardier Global Express.