Charter & Fractional
JetASAP Sees Rate Dip for Charters in Annual Report
Turboprops saw least dip in rates
Unsplash turboprop
© Unsplash

Charter aircraft hourly rates in the second quarter fell 3% quarter-over-quarter but were still up 2% from a year ago, according to the latest activity report from private charter marketplace JetASAP. Data for the report was collected from more than 20,000 direct charter operator quotes in the U.S. and Canada.

Average hourly charter rates in June for turboprops showed the smallest erosion in the quarter, down 1% to $4,370. The super-midsize jet class followed with a 2% decrease, with average rates of $9,744 per flight hour.