Inflation is currently causing problems all over the world. Indeed, in the USA inflation reached a 40-year high this year, although it has started to decelerate. This has created a cost-of-living crisis for consumers, which has, in turn, damaged many industries. Transport and logistics are among the industries that have struggled during this period. However, the demand for chartered jets has remained steady despite this aviation crisis. Below we explore why.
Inflation’s impact on transport and logistics
The transport economy has been shaken by inflation. For a start, aviation was dealing with supply chain issues and labor shortages, even before inflation. But now inflation has led to skyrocketing costs, creating serious budget challenges for the industry. Indeed, gas prices have reached a record high, meaning that the transport industry has to increasingly charge more despite demand from consumers falling due to the cost-of-living crisis. In these circumstances, many smaller firms will find it incredibly difficult to navigate this turbulent financial year.
Price rises
Inflation’s impact has created price rises on public transport – with aviation being a key industry that’s noticed the difference. One of the main areas this has impacted the aviation industry is the purchase of airliners. Bulk purchases are usually made years in advance: the first few airliners that arrive from your order will be close to their original price, but the rest are subject to inflation. Given this period of hyperinflation, it’s easy for an airliner to have failed to foresee these price rises, leading to their budgets getting stretched. As a result, consumers have experienced higher prices during a time when they’re less interested in flying. This has created a difficult situation for the aviation industry, and it could be a long time before it experiences stability again.
Chartered jets remaining steady
Despite this turmoil in the aviation industry, demand for chartered jets is remaining steady. Since the pandemic, many affluent consumers have turned to chartered jets for privacy, convenience and as a means of avoiding the queues and delays that have plagued airliners in 2022. As a result, demand has remained steady as the chartered jet industry continues to thrive. Charter flights can allow you to pick any time and date for your flight while giving you the convenience, comfort and space to be productive while you fly. As the aviation industry struggles, this is an excellent option for many people now.
Despite the ongoing issues in the aviation industry, chartered jets are still going strong. If you have the financial means to access a chartered flight, it could be well worth exploring the next time you make a trip.
