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v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Revenue | $ 76,923 | $ 62,027 | $ 235,908 | $ 239,397 | ||
| Costs and expenses | ||||||
| Cost of revenue | 68,238 | 63,290 | 215,227 | 193,564 | ||
| Selling, general and administrative | 20,001 | 17,472 | 66,674 | 51,957 | ||
| Depreciation and amortization | 6,110 | 6,699 | 19,283 | 20,176 | ||
| Loss (gain) on aircraft held for sale | 3,480 | (9,570) | 4,897 | (12,435) | ||
| Total costs and expenses | 97,829 | 77,891 | 306,081 | 253,262 | ||
| Loss from operations | (20,906) | (15,864) | (70,173) | (13,865) | ||
| Other income (expense) | ||||||
| Interest income | 979 | 796 | 3,419 | 2,989 | ||
| Interest expense | (5,619) | (5,674) | (15,940) | (15,601) | ||
| Gain on forgiveness of CARES Act loan | 0 | 0 | 0 | 339 | ||
| Change in fair value of derivative liability | 0 | (3,684) | 0 | (3,577) | ||
| Change in fair value of warrant liabilities | 1,500 | 0 | (2,179) | 0 | ||
| Other expense | (90) | (144) | (107) | (736) | ||
| Total other income (expense), net | (3,230) | (8,706) | (14,807) | (16,586) | ||
| Loss before income taxes | (24,136) | (24,570) | (84,980) | (30,451) | ||
| Income tax benefit | 0 | 0 | 0 | 0 | ||
| Net loss | (24,136) | (24,570) | (84,980) | (30,451) | ||
| Less: Net loss attributable to redeemable noncontrolling interests | (18,515) | 0 | (60,715) | 0 | ||
| Less: Net income (loss) attributable to noncontrolling interests | 653 | (2,503) | (6,997) | (6,762) | ||
| Net loss attributable to flyExclusive, Inc. | (6,274) | (22,067) | (17,268) | (23,689) | ||
| Net loss attributable to common stockholders | (7,725) | (22,067) | (19,976) | (23,689) | ||
| Net loss attributable to common stockholders | $ (7,725) | (22,067) | $ (19,976) | (23,689) | ||
| Basic, Earnings (Loss) Per Share (in dollars per share) | [1] | $ (0.32) | $ (0.85) | |||
| Diluted, Earnings (Loss) Per Share (in dollars per share) | [1] | $ (0.32) | $ (0.85) | |||
| Weighted Average Basic Common Shares Outstanding (in shares) | [1] | 24,275,741 | 23,586,260 | |||
| Weighted Average Diluted Common Shares Outstanding (in shares) | [1] | 24,275,741 | 23,586,260 | |||
| Other comprehensive loss | ||||||
| Net loss attributable to flyExclusive, Inc. | $ (6,274) | (22,067) | $ (17,268) | (23,689) | ||
| Unrealized gains (losses) on available-for-sale debt securities | 371 | (352) | 179 | (335) | ||
| Comprehensive loss attributable to flyExclusive, Inc. | (5,903) | (22,419) | (17,089) | (24,024) | ||
| Series A Preferred Stock | ||||||
| Other income (expense) | ||||||
| Preferred Dividends | (1,000) | 0 | (2,257) | 0 | ||
| Series B Preferred stock | ||||||
| Other income (expense) | ||||||
| Preferred Dividends | $ (451) | $ (451) | ||||
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- Definition Gain (Loss) on Forgiveness of CARES Act Loan No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Portion of net income (loss) attributable to nonredeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after tax and before adjustment, of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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