The Cessna Citation Latitude’s list price for a new aircraft was $22 million. Its estimated annual fixed operating cost is between $476,621 and $678,790, and its variable operating cost is $1,817,496. The estimated charter cost is between $4,000 and $5,547 per hour, with hourly fuel usage of 210 gallons per hour GPH. This indicates that the annual budget of the latitude ranges between $959,021 and $2,496,286 when flying at least 200 flying hours per year, according to Compare Private Planes.