flyExclusive Reports 21.7% Revenue Growth to $111.1 Million in Q2 2026

flyExclusive, Inc. reported a significant increase in revenue for the second quarter of 2026, achieving $111.1 million, a 21.7% rise from $91.3 million in the same period last year. For the first half of 2026, the company generated $207.5 million in revenue, up 15.6% from $179.5 million in the first half of 2025. The growth was primarily driven by a 14.2% increase in jet club and charter revenue, which reached $178.6 million, alongside a notable 28.4% rise in fractional ownership revenue. Despite the revenue growth, the company reported a net loss of $11.5 million for the quarter, an improvement from a loss of $16.1 million in the prior year, and a total net loss of $24.8 million for the first half, down from $39.2 million in 2025.

The company’s operational metrics showed a positive trend, with active members increasing to 835 in the first half of 2026, compared to 984 in the same period of 2025. The average number of aircraft on certificate decreased to 81 from 96, while total flight hours increased to 38,577 from 35,947. The company also noted a decrease in depreciation and amortization expenses, which fell by 11.5% to $10.6 million for the first half of 2026, reflecting a reduction in owned aircraft.

In terms of strategic developments, flyExclusive completed a merger with Jet.AI, which closed on July 13, 2026. This merger is expected to enhance the company’s operational capabilities and market presence. The company also continues to modernize its fleet, selling older aircraft and replacing them with newer models, which is anticipated to improve operational efficiency and customer service.

Financially, flyExclusive reported a working capital deficit of $214.6 million as of June 30, 2026, with total liabilities amounting to $522.7 million. The company had cash and cash equivalents of $14.2 million at the end of the quarter. Management indicated that they expect to continue incurring operating losses in the near term as they invest in fleet modernization and other growth initiatives. However, they believe that existing cash reserves and operational cash flows will be sufficient to fund operations for at least the next 12 months.

Looking ahead, flyExclusive anticipates continued revenue growth driven by fleet expansion and membership increases. The company is also focused on managing costs effectively to improve gross margins, which have already shown improvement from 13.9% to 20.1% year-over-year. The management remains cautious about potential economic downturns and competitive pressures that could impact demand for private aviation services.