94% Of New Private Aviation Users Since The Covid Pandemic Plan To Continue Although Price Is An Issue

The outlook for personal aviation stays sturdy; nevertheless, each new and current personal aviation customers are involved about elevated prices and repair points

ORLANDO, FLORIDA, UNITED STATES, October 16, 2022 /EINPresswire.com/ — New analysis with personal aviation customers from personal aviation purchaser’s information Private Jet Card Comparisons exhibits practically all flyers who began utilizing personal aviation because the starting of the Covid-19 pandemic plan to maintain flying privately.

The information comes because the trade gathers for its annual convention, NBAA-BACE, which is being held this week in Orlando, Florida.

“Most observers predicted that new private aviation users would continue, and that is showing to be true,” mentioned Doug Gollan, Editor-in-Chief of Private Jet Card Comparisons, including, “With airline service and airports chaotic, these users have seen firsthand how private aviation can save time, both at the airport and by using more convenient alternative airports closer to where they are leaving from and going to. They have also experienced the increased productivity and how private aviation can increase employee retention.”

In reality, 94% of recent personal jet flyers because the begin of the pandemic in March 2020 say they may proceed to make use of personal aviation sooner or later.

However, as the price of flying privately rises, there was a big drop from final yr’s survey in how continuously these new personal aviation shoppers say they plan to fly privately.

– 94.4% of respondents plan to proceed utilizing personal aviation post-Covid within the 2022 survey

– The share of recent, since Covid flyers who say they may proceed to make use of personal aviation repeatedly dropped from 57.1% in 2021 to 39.9% this yr

– At the identical time, these new personal flyers who say they may fly privately sometimes post-pandemic elevated to 54.5% from 42.9% final yr

– Only 5.6% of respondents mentioned they’ve or will possible cease flying privately in a post-Covid world, though that was up from 0% in 2021

More excellent news for the trade comes from personal flyers who had been utilizing business aviation previous to the pandemic.

– 59.6% of current personal aviation customers count on to proceed to fly privately on the identical degree as previous to the pandemic

– 28.5% of current personal aviation customers count on to fly privately greater than earlier than the pandemic, in comparison with 11.9% who count on their personal flights to lower

The trade’s outlook is just not clear skies.

While 54.3% of respondents cited airline delays and airport chaos as pushing them to fly privately extra typically, 43.9% of these surveyed skilled delays, cancelations, and repair lapses from their personal aviation suppliers throughout the previous yr, a 108.1% improve from 2021 when personal jet journey rose to file ranges.

The result’s greater than half (50.7%) are contemplating altering suppliers.

The greatest motive for contemplating a change is Increased Prices (62.4%), in comparison with Flight Delays, Changes and Cancelations (33.6%), Overall Customer Service Declining (32.9%), Too Many Peak Days/Blackout Days (29.2%), Fuel Surcharges (25.6%), Poor Communication When Something Goes Wrong and Longer Lead Time To Book Flights (each 20.8%).

There had been additionally fewer perks when becoming a member of or renewing packages. With file demand, the proportion of respondents who mentioned they had been in a position to negotiate Free Hours (from 31.9% in 2021 to 18.4% in 2022), Rate Locks (from 17.2% in 2021 to 2.0% this yr), and Upgrades (16.6% in 2021 to 11.7% in 2021) fell.

Overall, the renewal charge with current suppliers throughout the previous yr dropped from 86.2% to 81.1%.

“The net, net, is while private aviation users aren’t returning to the airlines, they are conscious of price increases. It is likely to be a greener grass scenario in the next year as customers who would have automatically renewed with existing providers now want to at least research what other options fit their needs,” Gollan famous.

Reflecting elevated prices, the typical deposits made by Jet Card/Membership consumers elevated 35.7% from $213,253 in 2021 to $289,398 in 2022. The share of respondents who spent over $400,000 elevated from 8.5% to 18.2%.

The survey attracted 571 respondents who’re paid subscribers of Private Jet Card Comparisons and included customers of Jet Cards, Memberships, On-Demand Charter, Fractional Shares and Leases, Shared Jet Solutions, and Private Jet Owners. The survey had a margin of error of +/- 2% at an 80% confidence degree and +/- 3% at a 95% degree of confidence.

About Private Jet Card Comparisons

Private Jet Card Comparisons is a client purchaser’s information to non-public aviation packages, from on-demand constitution and jet sharing to jet playing cards, memberships, and fractional possession. Its database contains over 250 packages and greater than 40,000 information factors up to date repeatedly – 74 occasions up to now in 2022. Subscribers evaluate packages by over 65 variables in minutes, saving weeks and hours of analysis. They also can obtain a complimentary customized evaluation figuring out the perfect options, suppliers, and packages for his or her particular wants. Unlike lead technology web sites, Private Jet Card Comparisons doesn’t promote subscriber contact info or settle for referral charges from suppliers. An annual subscription is $250.

Douglas Gollan
Private Jet Card Comparisons
+1 917-328-6518
[email protected]
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