Stu, I have just spent some time thinking about that and developed a very
simple spreadsheet to get some ideas.  I have been flying about 100 hours
per year so I used that as a baseline, I also pegged fuel at $2.40 per
gallon and fixed maintenance at $2000 per year.  I own my hangar, but rent
the footprint that it sits on, I charged the cost of the hangar at 8% either
interest or deprecation, I did the same for the original cost of the
airplane.  My total annual cost per hour came out at $138, or $.77 per mile
(assuming an average of 180 miles per hour).  I then removed the interest
cost for the hangar and the airplane and remaining cost came out at  $59 per
hour and $.46 per mile.  The best way to lower these cost in my humble
opinion is to fly more hours per year!  I welcome comments on better ways to
look at this. Oh and by the way I don't share these numbers with non-pilots.

I would be happy to share my spread sheet with anyone interested, just email
me direct, n320g@hotmail.com.

and as Scott Krueger said :
"Neither number adds in $90 Hamburgers, tie down fees, motel rooms, lousy
dinners, car rentals, race fees, vinyl race numbers, oxygen as needed,
nationwide phone service, sun lotion, EAA and AOPA fees, any unknown costs
(see foot note), et cetera, et cetera........ "

Gary Melton
N320GG  400 hours and just finishing my annual getting ready for 2004.




> Posted for "Stu Seffern" <sseffern@yahoo.com>:
> What do you all charge yourselves per hour (honestly) for flying your
> airplanes these days?
> Stu Seffern
> www.LantzairFlyers.com