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flyExclusive (FLYX)
:FLYX
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flyExclusive
(NYSE MKT:FLYX)
41Neutral
flyExclusive (FLYX) vs. S&P 500 (SPY)
Market Cap
$248.80M
Dividend YieldN/A
Average Volume (3M)13.71K
Price to Earnings (P/E)28.9
Beta (1Y)0.11
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees750
SectorFinancial
Sector Strength80
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-1.30
Shares Outstanding20,199,587
10 Day Avg. Volume10,242
30 Day Avg. Volume13,713
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.88
Price to Cash Flow (P/CF)-5.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
flyExclusive Business Overview & Revenue Model
Company DescriptionflyExclusive (FLYX) is a private jet charter company specializing in providing on-demand private aviation services. It operates within the aviation and transportation sectors, offering a range of services including fractional jet ownership, jet card programs, and charter services. The company is known for its commitment to safety, luxury, and personalized customer experiences, catering to individuals, corporations, and travel agencies seeking efficient and exclusive air travel solutions.
How the Company Makes MoneyflyExclusive makes money through several key revenue streams. Primarily, the company generates income by offering charter flights to clients who require private aviation services on a per-flight basis. Additionally, flyExclusive offers jet card programs, which provide customers with prepaid flight hours, granting them the flexibility of private jet travel without the ownership obligations. Another significant revenue stream is their fractional ownership program, where customers purchase a share of a private jet, allowing them to enjoy the benefits of ownership without the full expense of purchasing an entire aircraft. Partnerships with corporations and travel agencies also contribute to flyExclusive's revenue, as these entities utilize its services for corporate travel and exclusive travel experiences. The company's focus on maintaining a fleet of modern, well-maintained aircraft and providing exceptional customer service further supports its revenue generation efforts.
flyExclusive Financial Statement Overview
Summary
flyExclusive is facing substantial financial challenges with declining revenue, poor profitability, and negative equity, raising concerns about its long-term viability and financial stability. The income statement, balance sheet, and cash flows all reflect significant operational and financial inefficiencies.Income Statement
The income statement shows significant challenges with negative EBIT and net income margins indicating operational inefficiencies. The revenue has shown a declining trend from 2022 to TTM 2024, which is concerning. The gross profit margin has also decreased, reflecting higher costs relative to revenue. Overall, profitability is a major concern.35
Negative
Balance Sheet
The balance sheet indicates financial instability, with negative stockholders' equity and a high debt-to-equity ratio due to substantial liabilities exceeding assets. The equity ratio is negative, highlighting the company's reliance on debt financing. This poses significant risks to financial health and future solvency.20
Very Negative
Cash Flow
The cash flow analysis reflects poor cash management, with negative operating and free cash flows. The operating cash flow to net income ratio is negative, signaling issues in converting income into cash. The company is currently unable to cover its capital expenditures and operational needs through its cash flows.30
Negative
| Breakdown | |||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 311.87M | 315.36M | 320.04M | 208.28M | Gross Profit |
| 19.35M | 24.20M | 41.49M | 49.04M | EBIT |
| -95.10M | -51.23M | -12.31M | -1.00M | EBITDA |
| -68.05M | -5.53M | 27.25M | 14.65M | Net Income Common Stockholders |
| -40.41M | -46.84M | 6.05M | 2.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 193.65K | 82.86M | 92.63M | 319.22K | Total Assets |
| 231.01M | 521.03M | 494.22M | 225.97M | Total Debt |
| 1.62M | 312.63M | 300.46M | 71.94K | Net Debt |
| 1.43M | 301.00M | 277.28M | -247.28K | Total Liabilities |
| 15.49M | 485.70M | 446.80M | 15.62M | Stockholders Equity |
| 215.52M | 46.46M | -5.12M | 210.36M |
| Cash Flow | Free Cash Flow | ||
| -97.17M | -96.56M | -121.95M | -67.01M | Operating Cash Flow |
| -49.39M | 8.66M | 45.64M | -1.06M | Investing Cash Flow |
| 4.44M | -62.03M | -142.64M | -225.00M | Financing Cash Flow |
| 53.34M | 41.81M | 99.05M | 226.38M |
flyExclusive Technical Analysis
Negative
3.10
Price Trends
3.33
Negative
2.94
Positive
3.26
Negative
Market Momentum
-0.03
Positive
49.46
Neutral
25.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYX, the sentiment is Negative. The current price of 3.1 is below the 20-day moving average (MA) of 3.19, below the 50-day MA of 3.33, and below the 200-day MA of 3.26, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 49.46 is Neutral, neither overbought nor oversold. The STOCH value of 25.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYX.
flyExclusive Risk Analysis
flyExclusive disclosed 65 risk factors in its most recent earnings report. flyExclusive reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
flyExclusive Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.07T | 11.99 | 14.70% | ― | 1.91% | -6.72% | |
72 Outperform | $18.88B | 6.12 | 28.63% | ― | 6.23% | 20.08% | |
70 Outperform | $24.06B | 6.98 | 26.19% | 1.48% | 6.19% | -25.26% | |
67 Neutral | $15.33B | 34.30 | 4.50% | 2.78% | 5.34% | -6.20% | |
63 Neutral | $12.86B | 9.19 | 9.16% | 4.78% | 16.31% | -8.97% | |
47 Neutral | $1.40B | ― | -26.60% | ― | -3.50% | -148.99% | |
41 Neutral | $248.80M | 28.86 | 26.01% | ― | ― | ― |
* Financial Sector Average
Performance Comparison
FLYX
flyExclusive
2.85
-1.73
-37.77%
BRK.A
Berkshire Hathaway A
737,000.00
108,360.00
17.24%
DAL
Delta Air Lines
37.29
-9.22
-19.82%
JBLU
JetBlue Airways
4.05
-2.98
-42.39%
LUV
Southwest Airlines
25.96
-2.02
-7.22%
UAL
United Airlines Holdings
58.77
15.46
35.70%
flyExclusive Earnings Call Summary
Earnings Call Date: Mar 24, 2025 | % Change Since: -9.36% | Next Earnings Date: Aug 13, 2025
Earnings Call Sentiment Positive
The earnings call reflected a largely positive sentiment, with significant improvements in fleet efficiency, revenue growth, and operational execution. Although there were some challenges related to fractional sales and initial SG&A costs, the company demonstrated strong financial and strategic progress.Highlights
Fleet Refresh and Modernization
Sold or eliminated 20 of 37 nonperforming aircraft; introduced Challenger 300s and 350s with over 80% dispatch availability, contributing $8-10 million in annual revenue per aircraft.
Membership Growth
Jet Club membership grew 26% year-over-year to 1,195 members, with a significant 19% increase from Q3 to Q4.
Revenue and Operational Growth
Q4 revenue up 20% year-over-year to $91 million despite a 17% reduction in fleet size; flight hours increased by 36%.
Financial Improvements
Gross margin improved to 18% in Q4, up from 11% in Q3; adjusted EBITDA loss narrowed from $19 million in Q1 to $6 million in Q4.
MRO and Ancillary Business Growth
MRO revenue grew by $2.6 million, a 55% increase over 2023, becoming a revenue driver.
Strategic Partnerships
Agreement with Volato brought in nearly 200 new members; proposed merger with Jet.AI aims to expand capital base and customer reach.
Lowlights
Fractional Sales Slowdown
Q4 fractional sales slower than expected due to external factors such as tax policy uncertainty.
SG&A Costs and Efficiency Challenges
SG&A as a percentage of revenue was reduced to 27% by Q4 but was as high as 31% in Q1, indicating ongoing cost challenges.
Company Guidance
In the call, flyExclusive provided detailed guidance on various metrics for 2025, highlighting significant operational and financial improvements. The company reported a 20% year-over-year increase in Q4 revenue to $91 million, despite operating a 17% smaller fleet. Flight hours rose by 36% in the fourth quarter compared to the previous year, demonstrating enhanced fleet utilization and strong demand. The Jet Club Program saw a 26% growth in membership, totaling 1,195 members, with a 19% increase in Q4 alone. Gross margin improved to 18% in Q4, up from 11% in Q3, while adjusted EBITDA loss narrowed significantly to $6 million from $19 million in Q1. SG&A as a percentage of revenue decreased from 31% in Q1 to 27% in Q4, translating to $14 million in annual savings. The company ended 2024 with $29 million in cash, a $16 million increase in Q4, and anticipates additional liquidity from increased fractional sales and a pending merger with Jet.AI. Looking ahead, flyExclusive plans to grow its Challenger fleet to 15 by year-end and aims to improve dispatch availability by 15% in 2025, contributing to sustained EBITDA and cash flow growth.flyExclusive Corporate Events
M&A TransactionsBusiness Operations and Strategy
flyExclusive Announces Acquisition of Jet.AI’s Aviation Business
Positive
Feb 19, 2025
On February 14, 2025, flyExclusive announced a definitive agreement to acquire Jet.AI’s aviation business in an all-stock transaction, following Jet.AI’s spin-off of its aviation segment into a new entity, SpinCo. This strategic business combination is expected to enhance flyExclusive’s growth capital and shareholder liquidity, while allowing Jet.AI to concentrate on its AI solutions. The transaction, anticipated to finalize in the second quarter of 2025, will support flyExclusive’s 2025 growth plans by integrating Jet.AI’s assets into its operations.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.