The cost of flying private jets has sky-rocketed since the Covid pandemic struck. According to a survey conducted by Private Jet Card Comparison, 65% of private jet fliers do not want to go back to commercial airlines due to safety reasons post-Covid.
It is this reason that has led to an increased demand for flights on private jets, causing prices to soar at a rapid rate.
Availability & Flexibility Impact Prices
Finding availability and flexibility can be tough these days when it comes to booking a flight on a private jet. This is especially true when there is high demand during peak travel periods or special occasions like holidays.
Thus, this tightens the market and drives up prices as customers are willing to pay much more than usual for flights.
The Price of a Flight Is Affected by Several Factors
A private jet flight is affected by several factors when it comes to its cost. These include:
- Type of Aircraft: More luxurious planes have higher costs associated with them, such as those with larger cabins and more advanced features.
- Range & Speed: Longer flights need bigger jets that come at a higher price than shorter journeys. In addition, faster jets can be expensive too.
- Number of Passengers Aboard: The number of passengers traveling on one plane also affects the overall cost of the journey. As it takes more fuel and crew members to manage a flight with more passengers.
- Location: Locations of the departure and arrival airport, plus any stopovers in between, also impact the cost of private jet flights.
Private Jet Fliers in Jeopardy
The astronomical rise in the cost of flying private jets has put private jet fliers in a precarious situation. With the demand for private jets at an all-time high, fliers are finding that they must be more flexible with their travel plans and pay significantly higher prices than pre-Covid times.
To make matters worse, these increased costs come without much of a guarantee of availability or flexibility. Private jet owners may find themselves unable to fly on their desired dates due to limited flights available or crowdsourced bookings by other passengers. Furthermore, customers may have to pay extra fees if they need any changes made to their flight arrangements.
Businesses to Begin Relying on Commercial Airlines Again
With the increasing cost and lack of availability for private jets, businesses have begun to rely on commercial airlines again. However, this comes with its own set of challenges. These include increased safety protocols, long lines at airports, and uncomfortable seating arrangements.
As a result, many business travelers still prefer the convenience and luxury associated with flying privately. But they do not want to pay exorbitant prices for it either.
Flying private jets can indeed be expensive when it comes to post-Covid travel due to increased demand and tight availability. Prices are affected by several factors. These include the type of aircraft, range & speed, number of passengers aboard, and location.