Posted on August 3rd, 2011
Demand for private jet charter flights anticipated during August showed a marked trailing off compared with a strong showing for July, according to the latest data from online charter portal Avinode. On August 1, the company’s forward-looking demand index stood at 128.88, almost 27 points down on July 1, but just over 30 points higher than it had been 12 months earlier on Aug. 1, 2010. At the same time, Avinode’s price index for the next 30 days showed projected rates as having been essentially flat compared with July 1, and an average of two points higher than where it had stood on Aug. 1, 2010. The global price index for the 30 days from August 1 stood at 98.74, while that for Europe was 97.47 and in the U.S. market it was 99.62. Avinode’s latest data showing actual average flight hour rates paid showed a more mixed picture between regions, with prices up by between 0.2 and 6.6 percent in international markets and down by between 2.8 and 4.8 percent in North America.