Crypto Takes Flight: Monarch Air Group Reports 32% Increase in Cryptocurrency Transactions

Monarch Air Group, a prominent provider of private jet charters, has reported a significant 32% increase in cryptocurrency transactions year-over-year. This growth is attributed to the rising values of cryptocurrencies and the reduction in private jet charter rates. Since 2017, the Fort Lauderdale-based company has accepted cryptocurrencies, helping it to stand out in the luxury travel market.

The CEO of Monarch Air Group, David Gitman, explained that the combination of increased cryptocurrency value and lower charter costs offers greater value to customers, thereby boosting transaction volume. In line with digital trends, the company's innovative Online Quoting Tool allows customers to receive instant personalized quotes and facilitates easy bookings using Bitcoin or other popular cryptocurrencies.

This digital tool ensures that customers can effortlessly access private jet charter options, comparing prices, amenities, and other preferences, thereby enhancing the overall booking experience. The move to accept cryptocurrency aligns with Monarch Air Group's progressive approach in a highly competitive industry.