Charter & Fractional
Frax Operator Volato Releases First-quarter Metrics
Despite a dip in flight hours, the company's hourly price remained strong
Volato jets on runway
Fractional operator Volato noted a slight, possibly seasonal decline in flight hours for the first quarter of 2024. © Curt Epstein/AIN

Fractional ownership aircraft provider Volato’s flight hours in the first three months dipped slightly quarter-over-quarter, according to key performance indicators the company released this morning. Volato is the largest HondaJet fleet operator in the U.S., and its 26 light jets flew nearly 3,000 hours in the first three months of 2024, down from more than 3,500 hours in fourth-quarter 2023.

Of that amount, however, the percentage of hours considered “empty” or non-occupied declined quarter-over-quarter from 37.9 percent to 35.1 percent, denoting improved fleet efficiency.

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