publication . Article . 2008

The Economics of Private Business Jet Travel

Claire Starry; Gerald W Bernstein;
Open Access
  • Published: 01 Jan 2008 Journal: Business Economics, volume 43, issue 4 October, pages 36-44
The use of private air travel for business trips has expanded rapidly over the past few decades. We estimate that the number of U.S. domestic passenger trips per year on business aircraft exceeded 17 million in 2007, or a number equal to about 40 percent of combined domestic first-class, business-class, and full-fare coach airline trips—travel options for which passengers also pay a premium for timeliness, comfort, or privacy. Once a company determines that it can benefit from private business travel, it generally identifies the most cost-effective option, including the operating characteristics of the aircraft and the options for obtaining this service. This pa...
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