Private jet travel is skyrocketing, as many Americans are worried over the lack of health and safety regulations on commercial airlines.
Despite the pandemic’s severe blow to flying and the economy, private jet companies such as XO Jets, NetJets and Surf Air report booking about 80% as many flights and hours in the air as they had before the pandemic struck the U.S. And many of those flyers are new to the private jet scene.
Ricky Sitomer, CEO, Star Jets International, Inc. (OTC: JETR), the leading Private Jet Charter Company, announced that the Company booked private travel flights in excess of $1,100,000 million for the month of July 2020, and already booked in excess of $1,000,000 in revenue for the month of August before the start of the month. As predicted, the Company continues with a tremendous growth trend from the demand for private air travel.
The Company expects to keep filling up bookings throughout the month of August; an auspicious start to the third quarter. Health concerns related to Covid-19 continue to remain a primary reason for the uptick in private travel demand.
Ricky Sitomer, CEO of JETR stated, “We are thrilled to be building upon the success of July and rolling that into August. Clearly, the demand remains strong, and we professionally serve our clients with all of their private travel needs.”
Flyers who charter a plane usually get an entire jet to themselves, avoiding a crowded airport terminal and a cramped airline cabin with hundreds of potential virus sources.
“It’s people’s health concerns,” said Patrick Gallagher, president of sales and marketing for NetJets, a jet charter business owned by Berkshire Hathaway. “People are fearful of a commercial terminal with a hundred-plus strangers. They don’t want to deal with the protocols involved in that.”
Gallagher and others in the private jet industry say many of their new bookings and membership accounts are from travelers who previously flew first or business class on traditional airlines and are now switching to lower their risk of contracting COVID-19.
If the snowball starts rolling toward a bullish event, the bounce buying volume coupled with the long buying volume from bulls and momentum traders could create an extremely volatile near-term spike in Star Jets International, Inc. (OTC: JETR) stock.
Need more eyes on your company? Whatsapp +528181626882