What factors drove the changes in flyExclusive's revenue and profit?

What is flyExclusive's gross profit margin?

What is flyExclusive's latest dividend and current dividend yield?

What were the key takeaways from flyExclusive’s earnings call?

What were the key takeaways from flyExclusive's earnings call?

What guidance did flyExclusive's management provide for the next earnings period?

What does flyExclusive do and what are its main business segments?

Did flyExclusive beat or miss consensus estimates last quarter?

- **Fleet Transformation Drives Growth**: 20% YoY revenue growth on 20% smaller fleet, with new Challengers generating $8-10M annual revenue each.
- **Operational Excellence**: 650 basis point dispatch availability improvement, 11% YoY flight hours growth, and 103% MRO revenue surge.
- **Profitability Acceleration**: 82% gross profit growth, 72% EBITDA improvement, and near-breakeven Q3 EBITDA ($1.9M loss vs. $13M last year).
- **Strategic Expansion**: Acquiring high-margin MRO and tech platforms, targeting 2026 positive EBITDA with modernized fleet and contracted revenue mix.

**【CEO Summary Section】**
- **Fleet Modernization Success**: Reduced nonperforming aircraft from 37 in 2024 to 11 by Q3 2025, cutting monthly losses from $3M to $0.5M. New Challenger 350s generate $8-10M annual revenue each, with 7 in operation and 2 more on the way.
- **Revenue Growth**: Q3 revenue rose 20% YoY to $92M, driven by 15% flight hours increase on a 20% smaller fleet. Contracted revenue (Jet Club, fractional) now 45% of flight revenue, up from 40% last year.
- **Operational Efficiency**: Dispatch availability improved 650 basis points YoY, contributing $3M annual EBITDA per percentage point gain. October set a record 7,000 flight hours, up 11% YoY.
- **Customer Metrics**: Retail membership grew 51% YoY to 1,160 members. Jet Club sales up 4% QoQ to $31M, fractional sales up 91% YoY to $13M. MRO revenue surged 103% YoY to $3.1M.
- **Profitability**: Year-to-date gross profit +82%, EBITDA +72%, and EBITDA margin up 1,550 basis points. Q3 adjusted EBITDA loss narrowed to $1.9M vs. $13M last year.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: Flight revenue +17% YoY, wholesale +15% YoY, MRO +103% YoY. 45% of flight revenue now contracted vs. 40% last year.
- **Cost Control**: SG&A expenses down 9% YoY ($7M savings), SG&A as % of revenue -587 basis points. Revenue per SG&A head +19%.
- **Strategic Transactions**: Acquired Volato's aircraft sales division for $2.1M stock (Q4 $6-8M profit), with options to buy Vault app and Mission Control software for $2M stock. Extended merger deadline with Jet AI due to government shutdown.
- **Liquidity**: ATM sales facility delayed; using MRO growth and fleet efficiency to improve cash flow.

**【Strategic Initiatives】**
- **2026 Outlook**: Plan to eliminate remaining nonperforming aircraft, expand fleet with high-margin Challengers, and grow MRO into a $100M+ business. Target positive EBITDA in 2026.
- **Market Position**: #1 U.S. charter operator by hours flown (6,810 in October), with 13.4 members per aircraft vs. industry 20-30+ ratio.


flyExclusive, Inc.(FLYX)-20251113-2025 Q3 Earnings call transcript

Jet Club and Charter

Fractional Ownership

Maintenance, Repair, and Overhaul

Aircraft Management Services

FLYX

FLYX fundamentals

You can ask Aime