yego.me
yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why more people started flying in private jets

less than 1m read
·Nov 3, 2024

What do you think COVID did for the private aviation industry? Because I'll be honest, when that whole thing was going on, that was kind of my first introduction to... staring. The charter travel got very crazy. Even though prices were quite crazy at that time, and it felt like every month they were going up, anything just to not deal with the headaches at the airports. Do you think a lot more people got introduced into the private aviation during that time?

There's no question about it. First of all, the ultra high net worth individual, which five years ago was 230,000 of those people, which is somebody worth 30 million or more, now it is 520,000 those people. The most jet card and fractional companies during that COVID period, they had 50 to 75% above any level they've ever had in demand of signing up new jet cards or fractionals.

And 50% of those people never flew on a corporate jet before. So all those people came out of the woodwork, 'cause those people who were those high net worth people or the corporations who really were a little bit tighter with their money, they started seeing, "I need that airplane," whether it's health reasons, flexibility. They're not going to those airports, timing.

Column chromatography | Intermolecular forces and properties | AP Chemistry | Khan Academy
The Moon Terminator Illusion

More Articles

View All
Changes in labor supply | Microeconomics | Khan Academy
In a previous video, we took a look at the labor markets, and we thought about it in the context of the entire market and how it might impact a firm. So let’s say that all of a sudden, the nation’s immigration policy changes where they’re willing to bring…
Similar shapes & transformations
[Instructor] We are told that Shui concluded the quadrilaterals, these two over here, have four pairs of congruent corresponding angles. We can see these right over there. And so, based on that, she concludes that the figures are similar. What error, if a…
Marcus Aurelius - Stop Caring What People Think
In Meditations, Marcus Aurelius said, “Don’t waste the rest of your time here worrying about other people—unless it affects the common good. It will keep you from doing anything useful. You’ll be too preoccupied with what so-and-so is doing, and why, and …
Interpreting expressions with multiple variables: Cylinder | Modeling | Algebra 2 | Khan Academy
We’re told that given the height h and volume v of a certain cylinder, Jill uses the formula ( r ) is equal to the square root of ( \frac{v}{\pi h} ) to compute its radius to be 20 meters. If a second cylinder has the same volume as the first but is 100 t…
Tech's Impact On Young Brains | America Inside Out with Katie Couric
As more young people like David pull up in their rooms with their devices, studies show a generation delaying adulthood. Fewer get driver’s licenses, have after-school jobs, or date. But most alarming, the suicide rate for girls ages 15 to 19 doubled betw…
Tim Brady - How do you calculate burn rate, runway and growth rate?
[Music] So how do you calculate burn rate, runway, and growth rate? Let me first start by saying that these are three very important metrics that are critical for you to manage your early stage startup. Every investor that you talk to will ask you for the…