flyExclusive (FLYX) Reports 4Q & FY2025 Earnings, 14.9% Increase in Fiscal year Revs

(Raleigh, North Carolina) flyexclusive (NYSEAMERICAN: FLYX) reported its 4Q and fiscal year 2025 earnings this morning (Mar. 5) before the open, reporting FY revenue of $375.9. million – a 14.9% increase driven by stronger jet club, charter and fractional activity – and diluted loss per share of $(1.01) on weighted average common shares of 27.24 million, according to Trading View.

flyExclusive fleet images courtesy of flyExclusive.

The full earnings presentation can be found here.

Highlights, per Trading View:

“Financial Highlights

• Total revenue: $375.9 million, up $48.6 million (14.9%) vs. 2024.
• Loss from operations: $(47.2) million, improved $35.5 million (42.9%) vs. 2024.
• Net loss: $(67.1) million, improved $34.4 million (33.9%) vs. 2024.
• Net loss attributable to flyExclusive: $(17.6) million, improved $3.5 million (16.5%) vs. 2024.
• Basic and diluted loss per share: $(1.01); weighted average common shares outstanding: 27.24 million.

Business Highlights

• Revenue mix and growth drivers: Year-over-year growth was driven by higher jet club hours and a 1.3% increase in effective hourly rates, with notable fractional growth contributing to the shift in channels.
• Channel shift & mix: Significant fractional growth (+66%) and expansion of maintenance, repair and overhaul (MRO) services (+48%) have reduced reliance on a single large wholesale customer.
• Fleet and utilization: Fleet modernization is underway; total flight hours increased 12.1% and hours per aircraft rose to 810.1, indicating improved utilization.
• Membership and scale: Members contributing to revenue increased to 1,304 with 1,203 active members, and members-per-aircraft improved to 14.3, supporting recurring revenue potential.
• Strategic partnerships and services: An expanded exclusive management agreement with Volato increased aircraft management and third-party MRO/service offerings, broadening service capabilities and revenue channels.”