logo
Private Jet Guaranteed Rate Jet Cards Are Back And So Are The Deals

Private Jet Guaranteed Rate Jet Cards Are Back And So Are The Deals

Forbes30-04-2025
Remember when private jet flight providers shut off their jet card programs for new members – Sentient Jet, Jet Linx, Jets.com, Jet Aviation, Flexjet, Airshare, Dreamline, and so forth? While Wheels Up and VistaJet never stopped selling their versions of jet card programs that guarantee availability and hourly rates, each put restrictions on flying during your first 90 days.
In the case of the industry behemoth NetJets, which has the world's largest private jet fleet, it has also stopped renewals for its current customers. Other jet card sellers just gave up trying to live up to guarantees on prices and availability. They returned funds to members and put their programs on hiatus.
When you called a broker – if you got a callback, prices were sky high, and available aircraft were vintage 1990s.
Those days of 2021 and 2022 are now firmly in the rearview mirror.
New players are entering the jet card segment while existing players are expanding their offerings ... More and rolling back the number of restrictive peak days.
While there are no official numbers on the number of jet card members, the number of jet cards sold, or even flight hours—jet card flying is a former of charter—the debit-card-like flight product invented by Sentient back in 1999—programs are once again proliferating.
So are jet card deals—think free first flights, waiving membership fees, flight credits, and free hours.
The jet cards, which fill the wide gap between chartering trip by trip and the commitment of fractional ownership (generally at least 50 hours per year and a five-year commitment), could also benefit from economic uncertainty and tariffs.
Especially telling is the addition of new players offering fixed and capped rate jet cards that guarantee availability.
Most rate guarantees last at least 12 months, so it means the flight providers are confident they can cover the cost of flying you and still make a margin.
Current providers are easing restrictions they implemented during the Covid era when demand outstripped supply.
At the same time, flight providers are protecting themselves with fine print.
More jet card contracts have clauses that enable fuel surcharges (added after the Russian invasion of Ukraine) and special events fees (which can reach five figures for F1, Kentucky Derby, etc.).
Other changes include what's covered.
Sellers increasingly limit the amount they will pay for recovery flights, a traditional jet card benefit.
Unlike ad hoc charter, jet cards typically provide a replacement aircraft at your original contracted price when the aircraft assigned to you has a mechanical issue.
Requotes, as they are called, can mean a price increase of as much as 50%. You can pay and fly or get a refund, but then you still have to figure out how you will get where you are going.
For new flyers who are used to being rebooked by airlines, the idea of paying more for a delay that they had nothing to do with is often an unpleasant welcome to the expenses associated with an already expensive form of transportation.
Still, the jet cards are getting more flexible, with fewer peak days and lower daily minimums.
Peak days are dates when you must book farther in advance; cancelations are more restrictive; there are often surcharges and flight providers can shift your confirmed departure time by as much as four hours in either direction.
According to Private Jet Card Comparisons, the average number of peak days dropped to 35.4 days at the end of Q1 2025, down from 44.6 days at the end of 2024. It is also down from 55.7 high-demand days at the end of 2022.
Daily minimums are the flight time you pay even if you fly less in a single day. They are back to 2019 levels.
Large operators have been particularly active of late.
NetJets, the industry's biggest player, has been inching back into the jet card segment over the past two years and now offers nearly a dozen different options, although they all have at least 90 peak or blackout dates.
Others have been jumping in.
Jetvia, a large Lear 60 operator, launched a jet card last year.
Airshare expanded its jet card program nationwide.
Fly Alliance reduced callouts—the minimum advance booking window to get your guaranteed rates—to just eight hours.
It also reduced peak days by half.
Last week, it announced a new Citation Reserve program for the XLS Next Gen, Latitude, and Longitude in partnership with Thrive Aviation.
Fly Alliance will sell the program. The two operators' Textron Aviation fleets will provide aircraft.
Jet Linx, another larger player, cut membership fees and now guarantees Wi-Fi for super-midsize and large cabin aircraft.
PlaneSense, which traditionally adhered to fractional ownership, launched jet cards on its Pilatus PC-24 and PC-12 fleets. However, you must use your 25 hours within 12 months.
Northern Jet, which had only offered a midsize jet card option in the past, now offers guaranteed access and rates on light jets and super-midsize airplanes after merging with SpeedBird in 2023.
SpeedBird didn't have a jet card program.
Tradewind Aviation has expanded beyond the Caribbean and Northeast U.S. to Florida and the Bahamas, bringing its turboprop jet card along.
Ventura Air Services launched its first jet card last year, a regional program for flyers east of the Mississippi River.
Brokers are jumping in as well.
FlyUSA, Bitlux, Jet365, Principal Aviation, and Porter Jets have each debuted jet cards that offer guaranteed availability and pricing.
Jets.com, a longtime player, cut peak days earlier this month and reduced daily minimums as part of a rebranding.
Magellan Jets, an established provider, has a first-flight free promotion running through the end of May.
OneFlight International, know for its BAJIT televesions commercials, is offering a limited number of large cabin jet cards priced at $10,000 per hour. According to Private Jet Card Comparisons the industry average was $15,197 per hour at the end of Q1.
This month, BC Flight, a boutique broker, offered five hours free when you buy 25 hours under a "Take 5" promotion.
Outlier Jets gave jet card buyers a $7,295 Ryvid e-motorcycle during the holidays.
Others are joining but without the guarantees.
Monarch Air Group launched its first formal membership. However, it uses dynamic pricing, where flights are priced trip-by-trip.
Stratos Jets, which offers a wholesale pricing membership, cut the markup in a recent promotion.
Of course, the jet card deals come with risks.
Both Volato and Verijet, two previously ranked top 20 operators, are facing litigation from former members who allege they paid but didn't receive their flights.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Workers are ‘job hugging' or clinging to their positions ‘for dear life': report
Workers are ‘job hugging' or clinging to their positions ‘for dear life': report

New York Post

time2 hours ago

  • New York Post

Workers are ‘job hugging' or clinging to their positions ‘for dear life': report

The pandemic era's 'great resignation' has morphed into desperate 'job hugging' — with workers clinging to their positions at levels not seen in nearly a decade, according to the latest data. The so-called quits rate among US workers slipped to 2.0% in June, far below the 3.0% peak of November 2021, according to the Bureau of Labor Statistics. Just 3.14 million people quit in June — down from 3.27 million in May — marking a steady return to pre-pandemic lows. By contrast, 4.5 million people quit their jobs in November 2021. Advertisement Employees are holding onto jobs 'for dear life,' consultants at Korn Ferry wrote in a report last week that was cited on Monday by CNBC. 4 Many workers are clinging to their jobs 'for dear life' as quitting plunges to the lowest level in years. kieferpix – In total, about 47.4 million Americans quit their jobs throughout 2021, setting an annual record. As of June, around 19.3 million Americans have voluntarily quit their jobs year-to-date. Advertisement 'There is this stagnation in the labor market, where the hires, quits and layoff rates are low,' Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab, told CNBC. 'There's just not a lot of movement at all.' 4 The era of job hopping has given way to 'job hugging,' with employees too fearful to leave. Studio Romantic – That has led to the voluntary quits rate crashing to lows unseen since 2016, outside the first days of the COVID pandemic. Advertisement 'There's quite a bit of uncertainty in the world — economic, political, global — and I think uncertainty causes people to naturally' remain in a holding pattern, Matt Bohn, an executive search consultant at Korn Ferry, told the Comcast-owned financial news service. He compared spooked workers to skittish investors sitting on the sidelines, waiting for the right opportunity. The lack of movement comes as higher interest rates make it more costly for businesses to borrow money and expand operations. Job growth has slowed sharply in recent months, with the hiring rate plunging to its lowest level in more than a decade, excluding early pandemic days. Advertisement 4 Rising uncertainty has left many workers paralyzed about their prospects for a new role. fizkes – More CEOs now plan to shrink their workforce over the next 12 months than expand it — the first time that's happened since 2020, according to a recent survey. A Conference Board poll published this month found 34% of executives planning cuts versus just 27% expecting to hire. The dramatic shift from the great resignation to the great stay reflects a labor market that's essentially frozen solid. Workers who couldn't stop quitting two years ago now won't budge. But this death grip on current jobs carries serious risks, experts warned. Job huggers are sacrificing cash because those who switch typically command higher wages than those who stay put, Ullrich noted. 4 Young entrants and recent graduates face an especially tough time breaking into the frozen job market. Andrey Popov – Workers getting too comfortable may stagnate rather than take on additional responsibilities or learn new skills. Advertisement This impacts their marketability and career growth when the labor market eventually improves, Bohn cautioned. Employers might also decide these static workers no longer meet performance standards. It's not inherently bad to stay in a job for a long time, experts stressed, but hugging too tightly can backfire. The freeze-up also makes it harder for new entrants like recent graduates to break in. With fewer workers moving up or out, there's nowhere for them to slot in, Ullrich told CNBC.

This has been one of the best earnings seasons on record, per Goldman Sachs
This has been one of the best earnings seasons on record, per Goldman Sachs

CNBC

time3 hours ago

  • CNBC

This has been one of the best earnings seasons on record, per Goldman Sachs

Second-quarter earnings season is coming to a close, and Goldman Sachs said that companies' performance this time is one of the best ever. Of the 92% S & P 500 companies that have reported, 60% have beaten consensus earnings per share forecasts by more than a standard deviation of analyst estimates, according to data from the firm. That signifies the "highest rate in our 25 years of data history outside of 2009 and the COVID reopening," it found. "With the 2Q 2025 earnings season nearly complete, the quarter has been marked by one of the greatest frequency of earnings beats on record," wrote David Kostin, Goldman's chief U.S. equity strategist, in a note dated Aug. 15. The bar for this reporting season was already set lower heading into it, the strategist said. Concerns around the impacts of President Donald Trump's tariffs – which were announced at the start of the quarter and later pushed back – dampened Wall Street's expectations. Kostin estimates that aggregate S & P 500 earnings per share rose 11% compared to last year, surpassing the 4% consensus expectation. "The outperformance largely resulted from the low bar set when analysts aggressively cut estimates this spring," he wrote. He also said that profit margins for the S & P 500 have been "more resilient to tariffs than investors feared." "While we expect companies will generally be able to mitigate tariff costs and maintain their profit margins, the magnitude of margin expansion embedded in consensus estimates appears unrealistic," he continued. "We expect the strong recent trajectory of analyst earnings revisions to weaken going forward, but no more than the average downward trend of the last few decades." This might be a double-edged sword, however, as this strong season has led to a ratcheting up of earnings per share forecasts for the future. Notably, 58% of companies hiked their 2025 guidance, double the share of firms that did so in the first quarter, Kostin said. Analysts did the same, upping their earnings estimates in most sectors for both this year's second half as well as for 2026. To be sure, Kostin said that analysts still foresee a deceleration in S & P 500 earnings per share growth in the months ahead, dropping to 7% in the second half from 11% in the second quarter.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store