Forward-looking charter flight demand projections released by Avinode point to fluctuating market conditions in June and July. The European Championship soccer tournament in Germany and the Paris Summer Olympic games are the main bright spots for operators' bookings.
The business aviation marketplace sees charter demand receding by 8% compared with the same period in 2023 for flights from both Europe to North America and to Africa. Demand is envisioned as being 12% down for trips between Europe and the Middle East, but flights within Europe are expected to increase by 2%.
Breaking down demand for European charter bookings by the country of arrival, Avinode’s analysis shows a 43% spike in Germany, with Austria looking at 37% year-over-year growth, followed by Portugal at 7%, France at 5%, Switzerland at 4%, and the UK at 2%. Demand for the next two months is flat for arrivals in Spain and is expected to dip by 6% in Italy and 1% in the Netherlands.
Avinode head of insights and analytics Harry Clarke also released data showing shifts in flight hour pricing trends since early 2019. For both one-way and round-trip bookings, these show average rates climbing from between €3,300 ($3,578) and €3,500 in January 2019 to around €4,300 to €4,800 last month. Projections for June and July see some softening in pricing.