Hourly prices for jet cards have fallen for the first time since 2020, according to analysis by Private Jet Card Comparisons.
In the first quarter (Q1) of this year, hourly rates have fallen 5.2% compared with Q4 2022 to an average of $11,165 per hour. This was led by a 12.7% decline in turboprop pricing, which was driven by Wheels Up’s new King Air programme which capped hourly rates 15-17%, according to the analysis.
Peak days also continued to decline in number, falling by 3.6% from Q4 2022 to 53.7, while daily minimums dropped from December by 6% to an average of 89 minutes.
