No, hot air balloons do not carry parachutes for passengers or pilots. This is because a hot air balloon is inherently one of the safest forms of flight, and a parachute would be useless in almost any realistic emergency scenario. Most balloon flights occur at altitudes of 1,000 to 3,000 feet, which is often too low for a standard parachute to deploy safely for an untrained civilian. Furthermore, the balloon envelope itself acts as a "natural parachute"; even if the burners fail, the large volume of air inside the envelope creates significant drag, allowing the basket to descend at a survivable speed (roughly the rate of a standard parachute). In the extremely rare event of a fire or structural failure, there would likely be no time or stable platform to jump from. In 2026, the safety of ballooning relies on strict "Weather Go/No-Go" protocols and the pilot's ability to control the rate of descent using the vents, making a bulky, complex parachute system more of a hazard than a helpful safety feature for the average traveler.