The private jet charter industry is in a race to the bottom.
Demand for private jet charters has been declining since mid 2022. Right now, flight requests are about 30% below pre-covid levels, and have been for most of 2024. Forward looking indicators show little hope for a recovery any time soon.
The fact is, there are too many jets fighting over too few trips. Jet charter operators are in an era of extreme volatility and uncertainty, and that’s putting alot of pressure on every operator’s revenue.