JetASAP Reports First-quarter Dip in Charter Rates
JetASAP reported an average decline in hourly, on-demand charter rates of 4 percent for the first quarter of 2023.
side view of business jet looking toward engine and tail
JetASAP reported an average decline in hourly, on-demand charter rates of 4 percent for the first quarter of 2023. (Photo: Adobe Stock)

Hourly rates for on-demand charter dipped by an average of 4 percent quarter-over-quarter in the first three months of 2023, according to a report from private aviation charter marketplace JetASAP. The data is based on 9,103 rate quotes from customers using the JetASAP app. More than 700 charter operators use the JetASAP marketplace. 

Turboprop rates increased 1 percent, to $3,841 per flight hour, while light jets experienced the largest decrease, falling 10 percent to an all-in hourly rate of $6,358. Midsize jet prices declined by an average of 4 percent, to $7,831 an hour, and super-midsize jer prices slid 5 percent, to $11,036 an hour. Heavy jet prices descended 2 percent, to $13,387 per flight hour.