The scale and value of anticipated charter bookings for the rest of January and into early next month has taken a predictable dip after the busy Christmas and New Year period.
Demand for charter flights appears to be heading upwards this month, according to the latest projections from online charter portal Avinode. The group’s forward-looking demand index for the next month stood at 114.23 earlier this week–almost 21 points above the month-ago level and more than 14 points above where it was 12 months ago.
Online charter portal Avinode’s forward-looking demand index stood at 97.13 on November 7, more than 45 points lower than on October 7. Nonetheless, the current index is still three points above where it stood 12 months ago. Avinode’s price index for the next 30 days doesn’t paint such a clear picture of decline.
Demand for 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.
Forecast demand for executive charter flights over the next 30 days is slightly down from a month ago, according to the latest data from online charter portal Avinode. As of November 1, the forward-looking demand index produced by the Sweden-based group was 92.83, about 2 points below where it stood on October 1. However, this month’s demand index is still about 32 points ahead of where it was 12 months ago.
Price index data from online charter portal Avinode reinforces the impression reported by operators and brokers that the market has been making a slow and gradual recovery during the course of this year. Analysis of the company's price index since Jan. 1, 2009, shows a marked decline in expected rates for worldwide charter, as well as specifically within Europe and the U.S., followed by a slow recovery.
Despite some modest improvement last month, demand in the North American executive charter market is still relatively soft, according to the latest data from Web-based portal Avinode.
Recent data from Web-based executive charter portal Avinode shows mixed fortunes for charter operators worldwide, but there is no avoiding the overall picture that market conditions are still difficult even during what are generally the busiest months of the year. Avinode’s demand index on September 1 stood at 61.29–16.5 percent down on the 73.46 figure for August 1 and 29.5 percent down on the 86.96 logged on July 1.
little over a year ago, business aviation caterers were feeling the pressure as the wholesale price of consumables rose and the price of gas began to soar. Today, that pressure has become a clear squeeze as the global economy struggles.
According to Paula Kraft, founder and co-owner of Tastefully Yours in Atlanta, caterers currently fall into two groups: “Some will tell you things are slow. The others will lie.”
Everyone in the industry knows that new and used business aircraft sales, prices and inventories generally follow the overall economy. But do the different classes of aircraft react differently to changes in the economy?