Quarterly ResultAug 12, 2026, 08:32 AM
FlyExclusive Q2 Revenue +22% to $111M; Adjusted EBITDA Positive $4.2M
AI Summary
FlyExclusive Inc. reported strong financial and operational results for the second quarter and first half of 2026. The company achieved a 22% year-over-year increase in Q2 consolidated revenue, reaching $111 million, and turned positive with an Adjusted EBITDA of $4.2 million. Operational efficiencies improved significantly, with an 8% growth in flight hours despite a 6% reduction in aircraft, and a substantial 1,013 basis point increase in dispatch availability. The company also strengthened its balance sheet by reducing long-term notes payable by $94 million since 2024.
Key Highlights
- Q2 2026 consolidated revenue increased by 22% year-over-year to $111 million.
- Achieved positive Adjusted EBITDA of $4.2 million in Q2 2026, a $9.4 million improvement YoY.
- Gross profit increased by 65% year-over-year in Q2 2026, with gross margin at 20%.
- Flight hours grew by 8% in Q2 2026 with 6% fewer aircraft.
- MRO revenue saw a 52% year-over-year growth in Q2 2026.
- Dispatch availability improved by 1,013 basis points in Q2 2026 compared to Q2 2025.
- Long-term notes payable reduced by $94 million since 2024, an 8% decrease.
- Aircraft utilization on the core fleet increased by 14% in Q2 2026.
Price Impact
More from FLYX