Corporate Air Charter
Updates on the Air Charter Services Industry
Private Air Charters: Fuel Costs
June 9th, 2008 by admin
Well, airlines are at it again. According to a recent Associated Press article (June 5, 2008), Continental will
cut 3,000 jobs, representing 6.5% of their employee base, and reduce capacity by 11 percent. With fuel costs nearly doubling in the past year, things are getting so bad that their top executives will even forgo pay and incentives for the rest of the year! Wow. Now there’s going to be even less flights and fewer planes in the air, wait times and crowding of flights could get even worse. Aren’t you glad you’re flying corporate air charters? But how will the private air industry be affected by these changes?
The good news is that, so far, no price increases have been announced, though it could certainly happen at some point. Part of this could be due to the fact that, while commercial airlines are struggling to meet the bottom line, the private air industry is actually growing. This private air charter boom is due in large part, to the development of online brokers. With private air charter services now sharing information, the industry is able to more efficiently deploy charter aircraft, including filling the bane of private jet charters, the “empty leg” flight. This means substantial savings for one-way customers who used to have to pay both legs.
Looking ahead, industry insiders see internet brokers, such as OneSky, making corporate air charters more efficient, easier to access and more affordable for potential customers.