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Private air travel costs are increasing, but flyers still need to stay

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Covid-19. Airport chaos. Lack of obtainable flights.

Many travelers say those are the explanations they ditched airlines for personal jets in the course of the past two years of the pandemic.

But a latest survey shows many of the newly converted aren’t able to return to business aviation just yet.

Some 94% of those latest to the industry said they plan to proceed flying privately in the long run, in keeping with a survey by the private aviation website Private Jet Card Comparisons.

“Users have seen firsthand how private aviation can save time, each on the airport and by utilizing more convenient alternative airports,” said Doug Gollan, the web site’s editor-in-chief, in a press release announcing the outcomes.

Nevertheless, respondents also indicated they will not be flying privately as ceaselessly as they did before.

The proportion of respondents who said they’ll proceed to make use of private aviation “often” dropped from 57% last 12 months to 40% this 12 months.

And the number who said they’ll fly privately “occasionally” when the pandemic ends rose from 43% to 55%.

About 6% said they plan to stop altogether after the pandemic, but that is up from zero who said the identical last 12 months.

The forecast for longer-term clients was more stable, in keeping with the survey published in October. Nearly 60% indicated they plan to fly privately as often as before the pandemic, while one other 29% said they intend to fly privately even ceaselessly in the long run.

Unhappiness within the skies

Though demand for personal aviation stays high, greater than half (50.7%) of survey respondents said they’re considering changing private jet corporations.

Some 62% cited increasing costs as the rationale for his or her discontent, in keeping with the survey.  

Average deposits made by flyers who purchased jet cards or memberships increased nearly 36% from $213,253 in 2021 to $289,398 in 2022, in keeping with the survey.

The proportion of respondents who spent greater than $400,000 greater than doubled — from 8.5% to 18.2% — during that timeframe.

Nearly one-third of respondents cited flight delays, changes and cancellations as the rationale they plan to buy around — the very problems many say led them to fly privately in the primary place. Those incidents greater than doubled from 2021 to 2022, in keeping with the survey, leading to “private jet rage” because the industry struggled to maintain up with crushing demand.  

There are also fewer perks available, in keeping with the survey. Respondents indicated they were unable to secure as many free hours, rate locks and upgrades this 12 months, compared with 2021.

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