Private jet card daily minimums balance out soaring hourly prices
Jet card prices are decreasing due to lower daily minimum prices offsetting climbing hourly rates, according to Private Jet Card Comparisons.
While hourly rates rose 21% in 2022 compared with 2021, with the average hourly price climbing to $11,748 across all categories, daily minimum prices have decreased to pre-Covid levels for light, mid-size and super mid-size private jets. Not only is this negating the hourly rate increases for shorter flights, it’s bringing down the cost of some flights.
Daily minimums have dropped to 94.7 minutes in the fourth quarter (Q4), down from a high of 109.3 minutes in Q2 2022, causing the cost of shorter flights to drop by 9%.
The comparison company found that the average cost for fixed-rate jet cards beat on-demand charter pricing across five out of 12 tracked flight scenarios. In Q4, the average minimum jet card flight would cost $18,542, according to the company. The cost for fixed-rate cards roughly matched the lowest on-demand flight cards at $27,738 compared to $27,853.
Doug Gollan, founder, Private Jet Card Comparisons, said: “The data continues to show that for flyers looking for the best pricing, they need to be flexible and will need to use multiple solutions between cards, memberships and on-demand charter.”
Jet card pricing hourly rates, December 2022 – at a glance
Dec 2022 average hourly rate
Change (%) vs Dec 2021
Change (%) vs Dec 2020
Very light jet
Super mid-size jet