According to new research from Private Jet Card Comparisons, sellers of fixed- and capped-rate jet cards with guaranteed availability increased pricing by 1.8% over the first six months of 2024. However, they continued to make using hours easier with fewer peak days, lower daily minimums, and reduced lead time to book charter flights.
“It’s a good news, bad news situation,” said Doug Gollan, president and editor-in-chief of Private Jet Card Comparisons. “After declining from their 2022 highs in 2023, jet card pricing has now stabilized and is inching back up.”
According to the study, the average hourly jet card price at the end of the second quarter was $10,953, 6.8% less than fourth-quarter 2022 but still 30.3% higher than late 2020, when the CARES Act waived the 7.5% federal excise tax.
Hourly jet card rates in the quarter were 23.6% higher than 2019 pre-Covid levels. Daily minimums for light, midsize, and super-midsize continued to decline and are now below 2019 levels, providing a price break for shorter flights. Daily minimums for midsize and super-midsize jets also dropped.
"Short flights to avoid connecting in airline hubs or long drives are a popular reason to use private jets, so the decrease in daily minimums is important for those customers,” Gollan said.