Click Here to View This Page on Production Frontend
Click Here to Export Node Content
Click Here to View Printer-Friendly Version (Raw Backend)
Note: front-end display has links to styled print versions.
Content Node ID: 434977
The average hourly rate for guaranteed jet cards ticked up in the second quarter by roughly half a point from a year ago, but softened by 1% from the first quarter, according to data from Private Jet Card Comparisons (PJCC).
In North America, rates averaged $11,314 per hour by the end of June, an amount that PJCC said is 27% more than pre-Covid levels. PJCC, which maintains a database comparing more than 1,000 jet card and fractional offerings, explained that jet cards typically guarantee base hourly pricing for at least a year. However, this may vary with jet cards that apply and adjust fuel surcharges that are assessed when members fly.
“Jet card rates at the end of the first quarter benefited as fuel surcharges driven by jet fuel prices dipped at the end of the quarter,” said PJCC president and editor-in-chief Doug Gollan.
Light-jet guaranteed rates slid by 1.2% from the first quarter, to $8,456 per hour, but were up 1.4% year over year (YOY). Meanwhile, the average for the ultra-long-range jet was down 0.5% quarter over quarter, to $19,202 per hour, but up by 0.9% YOY. The only quarter-over-quarter increase came with super-midsize jets, up 0.7% to $12,526. This category was also up 0.5% YOY.
In other categories, turboprops averaged $6,271 per hour, down 6.8% from the first quarter and 4.8% YOY. Very light jets ended the quarter at $7,688 per hour, down 2.1% from the first three months of the year but up 1.1% YOY. Midsize jets came in at $9,557 per hour, down 0.8% from the first quarter and down 2.6% YOY. And large-cabin jets averaged $15,236 per hour, down 2.4% from the first quarter but up 0.5% YOY.