When are wet leases typically utilized?

Wet leases are typically utilized during peak traffic seasons because they allow airlines to rapidly increase their capacity to meet higher demand without the long lead times associated with purchasing or financing new aircraft. A wet lease includes aircraft, crew, maintenance, and insurance, providing airlines with a flexible solution to handle surges in passenger or freight volumes. By leveraging wet leases, airlines can respond dynamically to seasonal demands, ensuring they can operate efficiently and maintain service levels during busy periods while minimizing risks associated with long-term commitments. This flexibility distinguishes wet leases from other arrangements that are generally used for different operational strategies or needs.