Fleet Modernization Success
FlyExclusive reduced nonperforming aircraft from 37 to 13, with plans to further reduce to mid-single digits by year-end. The addition of Challenger 350s contributed to increased reliability and demand.
Charter Flight Hours and Revenue Growth
Charter flight hours grew 12% year-over-year and 7% quarter-over-quarter. Revenue increased by 16% year-over-year, with 119% more gross profit on 10 fewer jets.
Fractional Program and Membership Growth
Fractional shares sold increased by 21% year-over-year, and membership hours increased by 32% compared to Q2 2024. Retail sales were up 26%, and fractional sales increased by 24%.
Improved Operational Efficiency
SG&A costs declined by nearly $1.2 million compared to Q2 2024, representing a 5% cost improvement. Adjusted EBITDA loss improved by 67% to $5.2 million.
MRO Revenue and Growth
Maintenance and repair organization revenue grew by 28% compared to a year ago, reaching $2.9 billion.