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Is it profitable to rent out a plane?

The ownership costs are the first part of a series of costs. As demonstrated above, 200 hours of annual revenue from renting out an aircraft only produce $350,000 per year. Add the tax savings of $265,000 per year, and profits from 200 hours of flying brings in $615,000 of positive cash inflow.



Renting out a private plane—often called "leaseback"—can be profitable, but it is rarely a "get rich quick" scheme. In 2026, the primary goal for most individual owners who rent their planes to flight schools or charter companies is cost offset rather than pure profit. Owning a plane involves massive fixed costs, including insurance, hangar fees, and "time-based" maintenance. By renting the plane out, you generate revenue that helps cover these bills and can provide significant tax benefits (like depreciation). However, the increased "wear and tear" from multiple pilots means you will hit expensive engine overhaul milestones much faster. For a plane to be truly profitable as a rental, it typically needs to fly over 400–500 hours a year. Most owners find that while they might not see a huge monthly check, the rental income essentially allows them to "own their plane for free" or at a highly subsidized rate.

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Lease-back opportunities are a great way to make money from your aircraft while you are not using it. If negotiated correctly, flight schools can agree to pay for all maintenance of the aircraft. This means you get to fly an aircraft and pay nearly $0 in extra expenses when it comes to maintenance.

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Make Profits But if you choose to rent or lease your plane to other travelers, you can also extend these services to your customers. A chartered jet can earn anywhere from $4,000 to $20,000 per hour. Leasing out your plane can help offset the cost of ownership. You can even start to turn a profit over time.

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According to the Wall Street Journal, the average profit per passenger of the seven largest U.S. airlines was $17.75 — for just a one-way flight — and the average profit margin across those seven airlines was 9% in 2017.

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Airlines get an average of just under $189 of revenue for each passenger they fly, which include the base fare, ancillaries such as bag fees, fuel surcharges, and revenue for any cargo carried.

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It currently owns nearly all the planes in its fleet, unlike EasyJet and Wizz Air which lease much of what they fly. As O'Leary pointed out, leasing costs are rising in tandem with interest rates. Ryanair, meanwhile, has one of the strongest balance sheets of any airline worldwide.

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Therefore, the wealth of those who possess private jets rises in proportion to the size of their planes. The typical owner of large luxury private jet has a net worth between $60 million and $70 million. The average wealth of owners of midrange and super-midsize aircraft is around $120 million.

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To be able to afford flying privately, your annual household income will likely need to be no less than seven figures. The minimum net worth of private flyers is usually around $25 million.

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Whether you save money or not flying yourself will heavily depend on the trip length. Usually, short- and medium-length trips are more affordable in your own airplane, and day trips are almost always more affordable, particularly on short notice, when you fly yourself.

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Boeing's 737-800 model has a list price of $89.1 million, but with bulk order discounts Ryanair will probably pay between $40-$50 million for each plane. The jets seat up to 189 passengers in a single-class configuration, and compete with Airbus' A320 jets, which carry nine fewer passengers.

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Strong demand and rising ticket prices offset Ryanair's skyrocketing operational costs through 2023, with revenue increasing to €10.78 billion. Photo: Ryanair. Despite a slow Q4 and soaring operational costs, Irish low-cost carrier Ryanair raked in a near-record €1.43 billion ($1.54 billion) profit in 2022.

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What is a private charter? With a private charter you are buying time on an aircraft, vs buying a seat on a commercially-scheduled airline flight. Aircraft are usually chartered by the hour for which you have use of the entire plane. You pay the same price for the plane, be it for 1 passenger, or filled to capacity.

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Top 10 Highest Revenue Routes by Airline Only one route breaks the billion dollar barrier: British Airways' service between London Heathrow Airport (LHR) and New York's John F. Kennedy Airport (JFK). Air Canada's route between Vancouver and Toronto bottoms out the list with $541 million of revenue in 2019.

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How Much Does it Cost to Rent a Private Jet? The cost to rent a private jet varies from $2,000 – $14,000 per billable flight hour. These hourly rates include a broad selection of aircraft from turboprops to the finest executive jets in the skies.

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