Quarterly ResultMay 11, 2026, 04:08 PM
flyExclusive Q1 2026 Revenue $96M, Adj. EBITDA $0.2M; Gross Profit +60%
AI Summary
flyExclusive reported Q1 2026 consolidated revenue of $96 million, a 9% year-over-year increase, and achieved positive Adjusted EBITDA of $0.2 million, a $6.6 million improvement from Q1 2025. The company saw a 60% increase in gross profit and a 699 basis point improvement in gross margin to 20%. Operational efficiencies improved with a 7% increase in flight hours despite a 7% fleet reduction, and MRO revenue grew by 14%. The company also reduced long-term notes payable by $10 million and improved aircraft utilization.
Key Highlights
- Consolidated revenue reached $96 million, up 9% year-over-year.
- Adjusted EBITDA turned positive at $0.2 million, a $6.6 million improvement YoY.
- Gross profit increased by 60% year-over-year, with gross margin at 20% (+699 bps).
- MRO revenue grew 14% year-over-year.
- Flight hours increased 7% despite a 7% reduction in fleet size.
- Aircraft utilization on core fleet improved by 15%.
- Long-term notes payable reduced by $10 million.
- Fractional retail sales increased by 27%.