v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 91,332 $ 79,013 $ 179,457 $ 158,985
Costs and expenses        
Cost of revenue 77,609 72,755 154,434 146,989
Selling, general and administrative 20,298 21,490 41,288 46,673
Depreciation and amortization 5,770 6,682 12,021 13,173
(Gain) loss on aircraft sales and aircraft held for sale 15 (72) (1,190) 1,417
Total costs and expenses 103,692 100,855 206,553 208,252
Loss from operations (12,360) (21,842) (27,096) (49,267)
Other income (expense)        
Interest income 236 1,162 939 2,440
Interest expense (4,429) (5,666) (9,817) (10,321)
Change in fair value of warrant liabilities 212 (899) 781 (3,679)
Loss on extinguishment of debt 0 0 (4,161) 0
Other income (expense) 212 (609) 178 (17)
Total other income (expense), net (3,769) (6,012) (12,080) (11,577)
Loss before income taxes (16,129) (27,854) (39,176) (60,844)
Income tax benefit 0 0 0 0
Net loss (16,129) (27,854) (39,176) (60,844)
Less: Net loss attributable to redeemable noncontrolling interests (12,063) (20,501) (29,621) (42,200)
Less: Net income (loss) attributable to noncontrolling interests 698 (2,200) 658 (7,650)
Net loss attributable to flyExclusive, Inc. (4,764) (5,153) (10,213) (10,994)
Net loss attributable to common stockholders $ (7,101) $ (6,125) $ (14,549) $ (12,251)
Basic Earnings (Loss) Per Share $ (0.26) $ (0.32) $ (0.55) $ (0.67)
Diluted Earnings (Loss) Per Share $ (0.26) $ (0.32) $ (0.55) $ (0.67)
Weighted Average Common Shares Outstanding (Basic) 27,772,428 19,169,742 26,471,721 18,237,732
Weighted Average Common Shares Outstanding (Diluted) 27,772,428 19,169,742 26,471,721 18,237,732
Other comprehensive loss        
Net loss attributable to flyExclusive, Inc. $ (4,764) $ (5,153) $ (10,213) $ (10,994)
Unrealized gains (losses) on available-for-sale debt securities 2 (24) 56 (192)
Comprehensive loss attributable to flyExclusive, Inc. (4,762) (5,177) (10,157) (11,186)
Series A Preferred Stock        
Other income (expense)        
Preferred Dividends (1,032) (972) (2,039) (1,257)
Series B Preferred stock        
Other income (expense)        
Preferred Dividends $ (1,305) $ 0 $ (2,297) $ 0

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