NYSEAM:FLYXAirlines
flyExclusive (FLYX) Revenue Momentum Meets Lingering Losses and Debt Pressure
flyExclusive stock was up about 4% to US$1.28 by Thursday’s close, a modest move for a company trying to shake off its turnaround label. The headline is not the share price. It is that Q2 revenue reached roughly US$111.1m and gross profit landed near US$22.7m, supported by a gross margin of about 20.4% and a third straight quarter of positive adjusted earnings before interest, tax, depreciation and amortization. The market priced in a small step forward. The income statement points to a more...