According to an analysis of U.S. programs by Private Jet Card Comparisons, jet card hourly rates, callouts, and peak days remained unchanged quarter-over-quarter.
“After falling for most of 2023, published jet card rates were flat in the first quarter of 2024,” said Doug Gollan, president and editor-in-chief of Private Jet Card Comparisons. “While demand is down, costs are up, so flight providers are trying to hold the line."
Overall, the average hourly rate for jet cards as of late March was $10,862. That compares to $10,754 per hour at the end of 2023. Average rates for light jet and midsize jet cards remained constant at $7,918 and $9,169 per hour, respectively. Average super-midsize jet card hourly rates increased modestly during the quarter from $11,793 to $11,878.
Peak days continue to hold steady at an average of 47.5 days per year, in line with the fourth quarter, but double their level in 2020. The average callout time for jet card-based flights was 69.2 hours.