flyExclusive, Inc., headquartered in Kinston, North Carolina, is a worldwide proprietor and operator of private jet fleets. The company's comprehensive services encompass on-demand jet charter flights, unique ownership and leaseback programs designed for aircraft buyers, and a full suite of aircraft services including maintenance, repair, interior customization, and exterior painting. Furthermore, flyExclusive offers specialized jet card programs to its clientele. This organization operates as a subsidiary under the umbrella of LGM Enterprises, LLC.
flyExclusive Reports Record Second Quarter Revenue and Third Consecutive Quarter of Positive Adjusted EBITDA
flyExclusive reported record Q2 revenue of $111.1 million, up 22% year over year, driven by higher fleet utilization and gross margin expansion to 20.4%.
The company achieved its third consecutive quarter of positive Adjusted EBITDA at $4.2 million, compared to a loss in the prior year, while reducing long-term debt by $94 million since 2024.
Management expects Q3 Adjusted EBITDA to reach $5-7 million, which would mark a fourth consecutive profitable quarter.