“Oiling their way through the Skies”: High Oil Prices affecting the Charter Flight Industry
Thursday, October 30, 2008
Today, airlines all over the world have had to endure massive losses and still stand to lose more than $6.1 billion by the end of the year, owing to the overall situation of the world market – from the geopolitical instability to the almost surrealistic increase in oil prices. What with the rapid slowdown in the world’s economy – that was triggered by the severe decapitation of our global financial markets and exorbitant oil prices – the aviation industry (and the charter flight industry nonetheless) has begun to take a serious beating. Industry analysts have predicted that there will be more situations with airlines collapsing amidst an environment of high fuel prices and low revenues. Yes indeed, the aviation industry is a fragile industry fending for itself in the midst of a crisis.
Like poker players that are dealt a terrible hand, the US charter industry is trying very hard to act calm, but the drastic increase in fuel prices is now really starting to scare the people who run the charter flight industry.
Record prices for both refined jet fuel and crude oil are now threatening to send all of the US airlines and charter flights spiralling down towards deep losses, drastic job cuts, service setbacks and maybe by the end of the year, an absolute cash crunch in the industry.
High fuel prices have been all but destroying the airlines profitability. Yes, and with the nightmare of the ever-increasing oil prices reaching a new record practically everyday, most of the US carriers have started to feel the heat. The initial response was to cut air routes by almost 12%, retire some of the jets and charge passengers to check in their luggage. This is how bad the situation is today. As for the charter flight industry, it has been as badly affected as its regular counterparts. Being the more expensive of the two, charter flights have had to come up with a number of serious solutions to this new yet drastic problem.
So what is the solution to this problem?
Most of the charter flight companies today, like Flight Management International (FMGM) have started basing their ticket pricing on the current oil charges and as drastic as this may seem, it actually works to theirs as well as their passengers advantage. But you may ask how this proves to be advantageous to passengers? Since if the oil prices start to go up, the ticket prices will increase and naturally demand will go down. But this is not so since most charter flight companies have now started putting a surcharge on tickets.
Worry not, there are always solutions to every problem and if the market continues to go downhill the way it currently is, then charter flight companies like Flight Management International and the others will continue to come up with newer and better schemes to satisfy their customers. After all, customer satisfaction is the name of the game, even in times of economic crisis!
posted by marketkafka @ 11:01 PM,
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Private Jet Charters making Waves around the World
Wednesday, October 22, 2008
According to common misconceptions, private charter jets are synonymous with luxury: a means of transport for the rich and the affluent only. Chartering private jets is ideal for those who travel frequently; especially for those who can’t tolerate the slower procedures of regular flights.
In the charter flight industry, there are two options: you could either buy your own jet, or you could rent it out. Chartering a flight has various advantages. First and foremost, it helps to eliminate the various tedious formalities that are way too hectic and overtly time consuming. However, most people are under the misconception that chartering flights is very expensive and is generally used by the elite class, but this is not so. Today, with many charter flight companies like Flight Management International (FMGM) offering chartered flights at discounted rates, just about anyone can afford to travel in class. I have had some of the best flying experiences with FMI! The facilities found in charter flights are like no other and if you want to live the good life, then you don’t have to look any further.
The rates for private charter flights vary, from the extremely expensive luxury class ones to the moderately priced jets. Either which way, chartering flights are worth every penny spent on them. When it comes to providing world-class services, no other mode of transport can beat the charter flight – right from the choice of meals provided to the ground facilities – charter flights are definitely the king of the skies!
Apart from these usual advantages, there are many other benefits. Private jet charters are for your exclusive service and convenience. Everything right from their schedules are specially designed keeping your needs in mind, so if you wish to board a charter flight, the chances of you missing your flight are zilch. Private jets will take you directly to your destination without making any stops in between, thus helping you save on your precious time. What’s more, chartering flights will give you the much needed freedom of choosing your own airport, and this may come as a surprise to you but most private jets have admittance to more that 5,000 different airports within the country today.
Unlike regular flights, chartered flights are not crowded and if you want to travel with some sense of privacy, then chartering flights is the way to go. Furthermore, business meetings can also be held on the jet, as special arrangements can be made.
Chartered flights have manifold benefits – right from providing you with a sense of security to saving your money and time to making your trip a private, luxurious one – no wonder so many people have started chartering flights today. For those of you looking to charter flights on a smaller budget, there are many charter flight agencies (Flight Management International) that provide private jets at discounted rates.
Labels: Charter Flighst, FMGM, fmi, Private Jets
posted by marketkafka @ 10:51 PM,
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