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Welcome to the Hourly Rate Calculator. With this tool, you will get a better idea of what it costs per hour to fly your airplane, wet and dry. With these numbers, you can determine an approrpriate hourly rate to both cover your hourly overhead and realize a profit. Fill in all the information, then click the calculate button. THEN PRINT AND SAVE THIS FORM. In addition, you can download the Excel spreadsheet by CLICKING HERE. This allows you to modify this file for your own use.
| FORMAT: NO Commas In any fields, .01 = 1% | |
| How much do you pay for a gallon of aviation fuel? | |
| What is the average fuel consumption (in gallons/hour) for this aircraft? | |
| What is the cost per oil change (parts & labor, oil analysis)? | |
| How many hours between oil changes? | |
| What is the average oil consumption (in quarts/hour) for this aircraft? | |
| What is the average cost for a quart of oil? | |
| How much does a factory overhaul cost for this engine? | |
| What is the factory recommended time between engine overhaul (hours)? | |
| What is the cost to overhaul the propeller? | |
| What is the factory recommended time between overhaul for the propeller (hours)? | |
| What is the Annual Insurance Premium? | |
| How much are the Annual Hanger or Tie Down Costs? | |
| Estimate cost for annual inspection plus any misc. unscheduled maintenance during the year | |
| How much will it cost to upgrade the aircraft avionics in 5 years? | |
| How much will it cost to repaint the aircraft and refurbish the interior in 5 years? | |
| Annual Subscription costs for Avionics databases (Garmin/Sandel/Avidyne)? | |
| Annual Costs of Paper Charts and Approach Books? | |
| Annual Costs of Ground school classes, books,magazines, cleaning supplies ? | |
| What is the value of the aircraft? | |
| What is the loan balance? | |
| What is the loan interest rate? .05 = 5% | |
| If you did not own this plane, what interest rate would you earn on your money annually? .01 = 1% | |
| What is the appreciation rate of the aircraft (enter depreciation as a negative)? | |
| Hours flown per year: | |
Results | |
| Fuel | |
| Oil Changes/Oil Adds | |
| Total Variable Costs per hour | |
| Insurance | |
| Hanger/Tiedown | |
| Annual Inspection | |
| Avionics Database Subscriptions | |
| Paper Charts/Books/ Ground School/ Supplies | |
| Cost of Money per year | |
| Total Fixed Costs per year | |
| Engine Overhaul Reserve | |
| Propeller Overhaul Reserve | |
| Total Reserve Costs per hour | |
| Avionics Overhaul/Replacement | |
| Aircraft Paint/Interior Refurbishment | |
| Total Reserve Costs per year | |
| Cost Per Hour to Fly (w/o Reserve Costs) | |
| Cost Per Hour to Fly (w Reserve Costs) | |
| Total Annual Cost (with Reserve Costs) | |
| SUGGESTED HOURLY RATE DRY (Without Fuel) | |