Reported Earnings • May 12
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.17 loss per share. Revenue: US$96.4m (up 9.3% from 1Q 2025). Net loss: US$7.93m (loss widened 6.5% from 1Q 2025). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Airlines industry in the US. Ankündigung • May 08
flyExclusive, Inc. to Report Q1, 2026 Results on May 11, 2026 flyExclusive, Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Ankündigung • Apr 17
flyExclusive Launches Jet Club 2026 Membership Program flyExclusive announced the launch of its Jet Club 2026, a redesigned version of its flagship membership program, built to benefit members, deliver simpler pricing, greater flexibility, and more predictable costs for members. The new program removes structural complexity across pricing and membership terms, while introducing a long-term model designed around how customers actually use private aviation and rewards members for longer flights. Jet Club 2026 launches at a time when fuel prices have increased sharply across the aviation industry, driving surcharges and pricing changes in many fractional and jet card programs and ad hoc charter. Jet Club 2026 introduces all-in pricing with no fuel surcharge, and locks in member flying rates for 24 months from the time of deposit. This structure provides members with a predictable cost framework regardless of short-term movements in fuel markets. Jet Club 2026 has a consistent pricing structure built around a daily and hourly rate. Key Features Include: No monthly membership fee, Evergreen membership, No taxi time billing, Federal Excise Tax included in all quoted rates, No late-night or regional surcharges. Jet Club 2026 retains flyExclusive’s daily plus hourly pricing model, which becomes more efficient and rewards members who fly longer trips or multiple legs within a single day. Jet Club 2026 delivers improved economics on shorter and mid-range flights, reflecting changing travel patterns toward higher-frequency trips. Two membership tiers — Jet Club and Jet Club Plus — provide flexibility based on travel needs, with higher-tier members receiving guaranteed access during peak periods. All flights are delivered through flyExclusive’s vertically integrated operating platform or approved partner operators, maintaining consistent service and safety standards. Ankündigung • Mar 12
Flyexclusive Announces the Reintroduction of Its Citation Xls+ FlyExclusive announced the reintroduction of its Citation XLS+ fractional ownership program, making flyExclusive the only operator in the industry offering fractional shares on the XLS+ platform. Fractional shares are available immediately, with pricing starting from $695,000 depending on share size. Additional XLS+ aircraft are expected to enter the program throughout 2026 to meet growing demand. Unlike traditional fractional programs that layer on monthly management fees, flyExclusive's XLS+ fractional offering carries no monthly management fees, giving owners the economic benefits of direct ownership without the administrative burden. At its price point, the XLS+ fractional share offers a compelling value alternative to the Phenom 300 and Citation Ascend, delivering comparable or superior cabin comfort and performance at a lower entry cost. Citation XLS+ — What Sets it Apart: One of the widest and tallest cabins in its class, delivering a spacious, comfortable experience. Comfortable seating for up to 8 passengers. Satellite based Wi-Fi connectivity. Outstanding short-runway and hot-and-high performance, opening access to airports that larger aircraft cannot reach. Efficient operating economics. Fractional owners benefit from flyExclusive's vertically integrated model, with all maintenance, avionics, and refurbishment handled in-house at the company's Kinston, North Carolina campus. This ensures consistent aircraft quality, high availability, and lower operating costs passed through to owners. New Risk • Mar 11
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$28m Forecast net loss in 2 years: US$1.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Negative equity (-US$84m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$1.1m net loss in 2 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Net income: (up US$25.6m from FY 2024). New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (44% average weekly change). Negative equity (-US$79m). Earnings have declined by 42% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Ankündigung • Feb 11
flyExclusive, Inc. has filed a Follow-on Equity Offering in the amount of $6.917931 million. flyExclusive, Inc. has filed a Follow-on Equity Offering in the amount of $6.917931 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Feb 10
flyExclusive, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2025 flyExclusive, Inc. provided earnings guidance for the fourth quarter and full year 2025. For the quarter, revenue is expected to be between $103.0 million and $106.0 million, representing the highest quarterly revenue in the Company’s history and an approximate 13% increase compared to $91.4 million in the fourth quarter of 2024. Significant profitability improvement with Net loss expected to range between $(13.0) million and $(10.0) million for the fourth quarter of 2025, which compares to a net loss of $(16.5) million in the fourth quarter of 2024.
For the year, revenue is expected to range between $374.0 million and $378.0 million, an increase of approximately 15% compared to full year 2024 achieved with approximately 14% fewer aircraft, reflecting higher utilization and improved fleet efficiency. Net loss for the full year 2025 is expected to range between $(73.0) million and $(70.0) million, an improvement of approximately 30% compared to a $(101.5) million loss in 2024. Ankündigung • Feb 09
flyExclusive, Inc. to Report Q4, 2025 Results on Mar 05, 2026 flyExclusive, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 05, 2026 New Risk • Jan 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-US$79m). Earnings have declined by 42% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Ankündigung • Jan 09
flyExclusive, Inc. has completed a Follow-on Equity Offering in the amount of $14.999999 million. flyExclusive, Inc. has completed a Follow-on Equity Offering in the amount of $14.999999 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,255,639
Price\Range: $6.65
Discount Per Security: $0.399 New Risk • Jan 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 40% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-US$79m). Earnings have declined by 42% per year over the past 5 years. Ankündigung • Jan 09
flyExclusive, Inc. has filed a Follow-on Equity Offering. flyExclusive, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Ankündigung • Dec 03
flyExclusive, Inc., Annual General Meeting, Dec 30, 2025 flyExclusive, Inc., Annual General Meeting, Dec 30, 2025. New Risk • Nov 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$71.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$48m free cash flow). Negative equity (-US$79m). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$71.6m market cap). Reported Earnings • Nov 13
Third quarter 2025 earnings released: US$0.25 loss per share (vs US$0.32 loss in 3Q 2024) Third quarter 2025 results: US$0.25 loss per share (improved from US$0.32 loss in 3Q 2024). Revenue: US$92.1m (up 20% from 3Q 2024). Net loss: US$6.91m (loss narrowed 11% from 3Q 2024). Ankündigung • Nov 12
flyExclusive, Inc. to Report Q3, 2025 Results on Nov 12, 2025 flyExclusive, Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Ankündigung • Aug 22
flyExclusive Appoints Adam Posar as Senior Vice President of Sales flyExclusive announced the appointment of Adam Posar as Senior Vice President of Sales. In this role, Posar will lead the Company’s retail sales strategy, client engagement, and growth initiatives across its expanding portfolio of private aviation solutions. Posar brings more than 15 years of proven experience driving revenue growth, building high-performance teams, and delivering results in the private aviation, telecom, and consumer brand sectors. Most recently, he served as Executive Vice President of Sales at Jet Linx Aviation, where he oversaw the national sales organization across Jet Card, Sales Development, Sales Operations, and Analytics. He also spearheaded CRM transformation, built referral partnerships with wealth managers and lifestyle brands, and drove client retention through optimized onboarding and renewals. Prior to Jet Linx, Posar was a top-performing Sales Director at XO Jet Aviation. He has also held leadership roles in the broadband and consumer sectors, including at Red Bull North America, where he was awarded multiple times as a top performer. Reported Earnings • Aug 14
Second quarter 2025 earnings released: US$0.26 loss per share (vs US$0.32 loss in 2Q 2024) Second quarter 2025 results: US$0.26 loss per share. Revenue: US$91.3m (up 16% from 2Q 2024). Net loss: US$7.10m (loss widened 16% from 2Q 2024). Ankündigung • Aug 13
flyExclusive, Inc. to Report Q2, 2025 Results on Aug 13, 2025 flyExclusive, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$45m free cash flow). Negative equity (-US$29m). Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$45m free cash flow). Negative equity (-US$29m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$17m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Ankündigung • Jun 18
flyExclusive Launches Luxury Cessna Caravan and Amphibious Caravan Service from Tamiami Airport flyExclusive announced its new Luxury Caravan and Amphibious Caravan service, providing members and guests with unmatched flexibility to reach exclusive destinations across South Florida, the Bahamas, and the Caribbean. The new service will operate out of Miami's Tamiami Airport (KTMB)--a convenient alternative to larger Miami airports-- and will begin flights in June 2025. In mid-July 2025, flyExclusive will further expand this offering with the addition of an Amphibious Caravan capable of landing at any suitable water landing site, enabling direct access to private beaches, remote islands, and waterfront properties with no runway required.ular destinations will include: South Florida: Key West, Naples, Marco Island, Everglades City, Miami's Fisher Island, Ocean Reef Club (Key Largo); Bahamas:Nassau, Harbour Island, Exumas, Eleuthera, Bimini, Abaco Islands; Caribbean: Turks & Caicos, Dominican Republic, U.S. Virgin Islands, British Virgin Islands, Puerto Rico, select private islands. Key Features: Base: Miami's Tamiami Airport (KTMB); Aircraft: Land Caravan and Amphibious Float Plane; Capacity: Up to 8 passengers; Flexibility: Fly to specific latitude/longitude coordinates (Amphibious Float Plane); Launch dates: Land Caravan - June 2025 | Amphibious Float Plane - Mid-July 2025. This new offering complements flyExclusive's portfolio of private aviation solutions, including Fractional Ownership, Jet Club Memberships, and charter services-- now enhanced with short-haul and amphibious capability to further meet the evolving needs of its members. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.30 loss per share. Revenue: US$88.1m (up 10% from 1Q 2024). Net loss: US$7.45m (loss widened 22% from 1Q 2024). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Airlines industry in the US. New Risk • Apr 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$62.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$12m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.0m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$62.7m market cap). Reported Earnings • Mar 25
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$1.07 loss per share (improved from US$2.81 loss in FY 2023). Revenue: US$327.3m (up 3.8% from FY 2023). Net loss: US$25.6m (loss narrowed 45% from FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly. Ankündigung • Mar 24
flyExclusive, Inc. to Report Q4, 2024 Results on Mar 24, 2025 flyExclusive, Inc. announced that they will report Q4, 2024 results After-Market on Mar 24, 2025 Ankündigung • Mar 11
Flyexclusive Launches Jet Club with Unmatched Flexibility and Transparency flyExclusive, Inc. announced the launch of its latest Jet Club, a simplified, high-value private jet membership designed for those who demand 365-day access, transparency, and elite service. The Jet Club offers a streamlined membership featuring locked-in rates, integrated funding bonuses, and guaranteed access to flyExclusive’s extensive company fleet, including the Premium Super-Mid category featuring the Challenger 300 and 350.
With no blackout dates, no fuel surcharges, and exclusive “Deal Day” perks, flyExclusive’s Jet Club is built for seamless, stress-free travel—whether flying for business or leisure. Jet Club Highlights: Integrated Funding Bonuses – More value every time you fly. Guaranteed Access to Premium Super-Mid Aircraft – Including the Challenger 300/350. Rates Locked for 24 Months – No surprises, no fuel surcharges or escalations. Special “Deal Day” Opportunities – Exclusive member-only discounts. Capped Number of High-Demand Days – Predictable pricing, even during peak seasons. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$106m free cash flow). Negative equity (-US$9.0m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$18m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Dec 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$52.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$106m free cash flow). Negative equity (-US$9.0m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$18m net loss next year). Market cap is less than US$100m (US$52.8m market cap). New Risk • Nov 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$39.1m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$106m free cash flow). Negative equity (-US$9.0m). Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$18m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$39.1m market cap). Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.32 loss per share (improved from US$1.30 loss in 3Q 2023). Revenue: US$76.9m (up 24% from 3Q 2023). Net loss: US$7.73m (loss narrowed 65% from 3Q 2023). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Airlines industry in the US. Ankündigung • Nov 14
flyExclusive, Inc. to Report Q3, 2024 Results on Nov 14, 2024 flyExclusive, Inc. announced that they will report Q3, 2024 results After-Market on Nov 14, 2024 New Risk • Oct 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$45.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$6.8m). Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$20m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$45.7m market cap). Ankündigung • Oct 02
flyExclusive, Inc., Annual General Meeting, Dec 02, 2024 flyExclusive, Inc., Annual General Meeting, Dec 02, 2024. New Risk • Aug 16
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$6.8m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$6.8m). Shareholders have been substantially diluted in the past year (177% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$19m net loss next year). Ankündigung • Aug 14
flyExclusive, Inc. to Report Q2, 2024 Results on Aug 14, 2024 flyExclusive, Inc. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024 Reported Earnings • Aug 13
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.35 loss per share. Revenue: US$80.0m (up 3.8% from 1Q 2023). Net loss: US$6.13m (loss narrowed 33% from 1Q 2023). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 119%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Airlines industry in the US. Board Change • Aug 11
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Tom Segrave is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • May 31
flyExclusive, Inc. Strengthens Leadership Team flyExclusive, Inc. announced the appointment of two key business leaders. Matthew Lesmeister will serve as Executive Vice President & Chief of Staff. In this role, he will oversee management of best practice, cross-functional alignment and operational efficiency at flyExclusive. Additionally, Matthew’s operational experience will be valuable as a leader in strategy and business development efforts. Mike Guina, flyExclusive’s Chief Operating Officer, has been promoted to President. He will be responsible for leadership of flyExclusive’s fleet, dispatch, maintenance and pilot operations. Mike will also be a leading voice in all of flyExclusive’s strategic initiatives. Lesmeister served most recently as Vice President, Transformation and Strategy at Fox Factory Holding Corp., a publicly traded global leader in the design and manufacturing of premium products for sport and off-road vehicles. There, Lesmeister developed investment strategies that led to a global transformation, integrated several acquisitions across global business units and drove continuous operational improvement. Prior to joining Fox Factory in 2016, Lesmeister served in various roles of increasing responsibility at United Technologies Corporation, an aerospace and defense technology conglomerate. Lesmeister has an MBA from The University of Massachusetts Amherst and a bachelor’s degree from Quinnipiac University. He is a licensed pilot and an aviation enthusiast. Prior to joining flyExclusive, Guina served as Executive Vice President of Delta Private Jets where his responsibilities included all aspects of operations, sales, product development and revenue management. Mike joined Delta Private Jets with the acquisition of Segrave Aviation in January 2010 where he had spent the previous six years also as Executive Vice President. Previously, Mike spent 10 years with Air Partner PLC, rising to President of U.S. Operations and a board member. Ankündigung • May 29
flyExclusive Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q flyExclusive, Inc. (‘flyExclusive’ or the ‘Company’) announced that on May 21, 2024, the Company received notice (the ‘Notice’) from NYSE American LLC (‘NYSE’) stating that the Company is not in compliance with Section 1007 of the NYSE American Company Guide because the Company did not timely file its Form 10-Q for the period ended March 31, 2024 (the ‘Form 10-Q’) with the Securities and Exchange Commission (the ‘SEC’). The Notice has no immediate effect on the listing of the Company’s common stock on the NYSE. The Notice informed the Company that, pursuant to NYSE rules, the Company has six months from May 20, 2024, to regain compliance with the NYSE listing standards by filing the Form 10-Q with the SEC. If the Company fails to file the Form 10-Q within that six-month period, the NYSE may grant, in its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it believes, in its sole discretion, that continued listing and trading of the Company’s securities on NYSE is inadvisable or unwarranted. As previously reported by the Company in the Form 12b-25 filed with the SEC on May 10, 2024, the Company was unable to file the Form 10-Q within the prescribed time without unreasonable effort or expense. Subsequent to filing the Form 12b-25, the Company has continued to dedicate significant resources to the completion of the Form 10-Q but was unable to file by May 20, 2024, the end of the extension period provided by the Form 12b-25. As a newly public company and having become a taxable corporation in December 2023, the Company requires additional time to complete the financial reporting and close procedures for the first quarter of fiscal year 2024. The Company is working diligently to complete the necessary work to file the Form 10-Q as soon as practicable and intends to regain compliance with the Exchange’s continued listing standards. The Company currently expects to do so in the next few weeks, although there can be no assurance of that timing, nor that the Company will ultimately regain compliance with all applicable Exchange listing standards. Until the Company files the Form 10-Q, the Company’s common stock and warrants will remain listed on the NYSE under the symbols ‘FLYX’ and ‘FLYXWS,’ respectively, and will be assigned a ‘LF’ indicator to signify late filing status. Ankündigung • May 12
flyExclusive, Inc. announced delayed 10-Q filing On 05/10/2024, flyExclusive, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Apr 23
flyExclusive Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K flyExclusive, Inc. announced that on April 17, 2024, it received notice (the ‘Notice’) from NYSE American LLC (‘NYSE’) stating that the Company is not in compliance with Section 1007 of the NYSE American Company Guide because the Company did not timely file its Annual Report on Form 10-K for the year ended December 31, 2023 (the ‘Form 10-K’) with the Securities and Exchange Commission (the ‘SEC’). The Notice has no immediate effect on the listing of the Company’s common stock on the NYSE. The Notice informed the Company that, pursuant to NYSE rules, the Company has six months from April 16, 2024 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. If the Company fails to file the Form 10-K within the six-month period, the NYSE may grant, in its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it believes, in its sole discretion, that continued listing and trading of the Company’s securities on NYSE is inadvisable or unwarranted. As previously reported by the Company in the Form 12b-25 filed with the SEC on April 2, 2024, the Company was unable to file the Form 10-K within the prescribed time period without unreasonable effort or expense. Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of the Form 10-K but was unable to file by April 16, 2024, the end of the extension period provided by the Form 12b-25. As a newly public company and having become a taxable corporation in December 2023, the Company requires additional time to complete the financial reporting and close procedures for the fourth quarter of fiscal year 2023. The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and intends to regain compliance with the Exchange’s continued listing standards. The Company currently expects to do so by the end of April, although there can be no assurance of that timing, nor that the Company will ultimately regain compliance with all applicable Exchange listing standards. In addition, the Company reiterated its quiet period policy, specifically that it does not comment on or update financial guidance other than through and upon public release of financial results in a Company-issued broadly distributed press release and/or a filing with the Securities and Exchange Commission. Until the Company files the Form 10-K, the Company’s common stock and warrants will remain listed on the NYSE under the symbols ‘FLYX’ and ‘FLYXWS,’ respectively, and will be assigned a ‘LF’ indicator to signify late filing status. Ankündigung • Apr 03
flyExclusive, Inc. announced delayed annual 10-K filing On 04/02/2024, flyExclusive, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 173% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risk Negative equity (-US$20m). Ankündigung • Mar 06
flyExclusive, Inc. announced that it has received $25 million in funding from Entrust Global Group, LLC flyExclusive, Inc. announced it has entered into a securities purchase agreement and issued 25,000 shares of Series A non-convertible redeemable preferred stock par value of $0.0001 per share, at a purchase price of $1,000 per share for a gross proceeds $25,000,000 on March 4, 2024. The transaction included participation from new investor, EnTrust Global group LLC. The Series A Preferred Stock accrues dividends beginning on the Issue Date and ending on the first-year anniversary of the Issue Date at 10% per annum, at 12% per annum for the second year, at 14% per annum for the third year and at 16% per annum for the fourth year and thereafter. The dividends will compound annually for the first two years. On the third annual dividend payment date, the Company must pay at least 43% of the dividends in cash, and on each subsequent annual dividend payment date the Company must pay 100% of the dividends in cash. After the first-year anniversary of the Issue Date, company may elect to redeem all or a portion of the outstanding shares of Series A Preferred Stock, or any portion thereof, for cash at a redemption price per share as detailed in the Series A Certificate of Designation. After the fifth-year anniversary of the Issue Date, each holder of the Series A Preferred Stock may elect to require the Company to redeem all or a portion of its outstanding shares of Series A Preferred Stock for cash at a redemption price per share as detailed in the Series A Certificate of Designation. The Series A Preferred Stock is generally not entitled to any vote but holds certain consent rights as described in the Series A Certificate of Designation. If voting is required by applicable law or otherwise, each holder of Series A Preferred Stock will be entitled to one vote per share. New Risk • Jan 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 173% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$118m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risk Negative equity (-US$20m). Reported Earnings • Jan 05
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: US$22.1m (flat on 3Q 2022). 