FlyExclusive posts quarterly gains, record revenue despite losses | News World

FlyExclusive reported revenues for 2024 increased 3.8% to a record $327.3 in 2024 compared to 2023, reversing a 1% decline from 2022.

Jet Club and ad hoc charter revenue spiked 24.3% from $237.8 million to $295.5 million.

That offset a $66.9 million decline from guaranteed revenue programs, which dropped to zero.

More on that in a bit.

Fractional ownership revenue increased from $6.0 million to $22.7 million.

MRO revenue increased from $4.6 million to $7.2 million.

Aircraft management services increased from zero to $1.9 million.

The company also grew fractional ownership deposits from $16.7 million at the end of 2023 to $30.3 million at the close of 2024.

Net loss increased from $54.7 million in 2023 to $101.5 million last year.

EBITDA loss increased from $0.3 million to $51.8…more

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