v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 327,274 $ 315,362
Costs and expenses    
Cost of revenue 290,212 264,176
Selling, general and administrative 91,337 75,430
Depreciation and amortization 25,709 26,982
Loss (Gain) on aircraft held for sale 2,795 (13,905)
Total costs and expenses 410,053 352,683
Loss from operations (82,779) (37,321)
Other income (expense)    
Interest income 4,313 4,629
Interest expense (21,183) (22,223)
Gain on forgiveness of CARES Act loan 0 339
Change in fair value of derivative liability 0 (14,589)
Change in fair value of warrant liabilities (1,467) (334)
Gain on extinguishment of debt 0 14,843
Other expense (338) (82)
Total other income (expense), net (18,675) (17,417)
Loss before income taxes (101,454) (54,738)
Income tax expense (benefit) 41 0
Net loss (101,495) (54,738)
Less: Net income (loss) attributable to redeemable noncontrolling interests (73,384) 1,080
Less: Net loss attributable to noncontrolling interests (7,037) (8,983)
Net loss attributable to flyExclusive, Inc. (21,074) (46,835)
Net loss attributable to common stockholders (25,565) (46,835)
Net loss attributable to common stockholders $ (25,565) (46,835)
Basic Loss Per Share (in dollars per share) [1] $ (1.07)  
Diluted Loss Per Share (in dollars per share) [1] $ (1.07)  
Weighted Average Basic Common Shares Outstanding (in shares) [1] 23,809,490  
Weighted Average Diluted Common Shares Outstanding (in shares) [1] 23,809,490  
Other comprehensive loss    
Net loss attributable to flyExclusive, Inc. $ (21,074) (46,835)
Unrealized gains on available-for-sale debt securities 13 407
Comprehensive loss attributable to flyExclusive, Inc. (21,061) (46,428)
Series A Preferred Stock    
Other income (expense)    
Preferred Dividends (3,258) 0
Series B Preferred stock    
Other income (expense)    
Preferred Dividends $ (1,233) $ 0
[1] Basic and diluted earnings (loss) per share has not been presented for the year ended December 31, 2023 in the consolidated statements of operations and comprehensive loss. As a result of the Merger (as defined in Note 4 "Merger"), the Company's capital structure was significantly altered. The Company determined that presenting earnings per share for periods prior to the Merger would not result in values meaningful to the users of the consolidated financial statements. See Earnings per Share in Note 2 "Summary of Significant Accounting Policies" and Note 3 "Earnings (Loss) Per Share" for further discussion.

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