FlyExclusive posted record second-quarter revenue, including 20% higher charter and MRO revenue compared to a year ago, with higher retail fractional share sales, flight-fund deployments and JetClub sales.
As part of a two-year transformation plan, second-quarter revenue totaled $111.1 million, up 22% compared to a year ago with a fleet 6% smaller, it said. Flight hours rose 8% during the quarter, while core fleet utilization rose 14%, gross profit rose 65% and gross margins grew to 20.4%, it reports.
“The second quarter provides clear evidence of how fundamentally this business has changed,” said Jim Segrave, founder, chairman and CEO. “The operating model has been rebuilt, and investors should no longer view FlyExclusive as a company in transition. The question is no longer whether FlyExclusive can become profitable. We are profitable. The opportunity now is demonstrating how much earning power this platform can produce as we scale it.”
For the first six months of 2026, FlyExclusive posted $207.5 million in revenue, up 15% from the same period a year ago. Gross profit grew 67% to $41.8 million and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) improved from a $35 million loss in 2024 to a positive $4.4 million in 2026 for the period.
“This is a platform story now, not a turnaround story,” said CFO Brad Garner. “Today, FlyExclusive is reporting the results of executing against its plan: a fleet generating more revenue per aircraft than at any point in our history, a cost structure that has gained operating leverage every quarter and three consecutive quarters of positive adjusted EBITDA. The hard work of proving the model is behind us, and the growth is still in front of us.”
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