Fleet Modernization and Performance
Over the past year, flyExclusive, Inc. has modernized its fleet, eliminating 26 non-performing aircraft and replacing them with high-performing models like Challenger 350s, XLSs, and CJ3 Plus. This has resulted in increased reliability, utilization, and margins. Fleet utilization reached 7,000 hours in October, the largest month in history.
Revenue Growth and Contracted Demand
Total company revenue for Q3 2025 rose 20% year over year to $92 million, with contracted hours growing 30%. The shift towards more contractually committed demand and recurring revenue streams now accounts for approximately 45% of total flight revenue.
Maintenance, Repair, and Overhaul (MRO) Growth
MRO revenue grew 103% year over year in Q3, reflecting both external demand and expanded internal throughput. The MRO business generated $7.7 million in revenue in the first nine months of 2025, surpassing 2024's full-year revenue.
Improved Profitability Metrics
Year-to-date gross profit increased 82% year over year, with gross margin expanding by 500 basis points. Adjusted EBITDA improved 72% and adjusted EBITDAR increased 104% year over year.
Retail Membership and Sales Growth
Retail membership grew 51% year over year. Year-to-date Jet Club sales increased 17%, and fractional sales rose 68%, driven by demand for the Challenger platform.