Revenue: As of FY2026 Q2, the actual value is USD 111 M.

EBIT: As of FY2026 Q2, the actual value is USD -6.6 M.

Q2 2026 Performance Highlights

Revenue

• Consolidated revenue reached $111 million, marking a +22% year-over-year (YoY) growth.
• Flight revenue increased by +20%.
• Fractional revenue saw a significant increase of +51%.
• MRO (Maintenance, Repair, and Overhaul) revenue grew by +52% YoY.

Profitability

• Gross profit increased by +65% YoY.
• Gross Margin was 20%, an improvement of +539 basis points (bps) YoY.
• Adjusted EBITDA was a positive $4.2 million, representing a $9.4 million improvement compared to Q2 2025.
• Adjusted EBITDA margin improved by +954 bps.

Operational Metrics

• Flight hours grew by +8% with a 6% reduction in aircraft count.
• Dispatch availability improved by +1,013 bps compared to Q2 2025, or a +21% improvement across the fleet.
• Aircraft utilization on the core fleet increased by +14%.
• Operating loss from non-performing aircraft was reduced to less than - $300,000 per month, down from over - $3 million monthly at the beginning of 2024.
• SG&A as a percentage of revenue decreased by -217 bps.
• Revenue per SG&A Headcount improved by +11%.
• Flight Hours per SG&A Headcount decreased by -1%.
• Retail Members increased by +5%.
• Retail Sales for Jet Club increased by +13%.
• Fractional Retail Sales increased by +34%.

Balance Sheet

• Long-Term Notes Payable continued to be reduced.
• The company had $93 million in At-The-Market (ATM) facility availability.

1H 2026 Performance Highlights

Revenue

• Consolidated revenue increased by +15%.
• Flight revenue increased by +15%.
• Fractional revenue grew by +29%.
• MRO revenue increased by +38%.

Profitability

• Gross Profit increased by +67%.
• Adjusted EBITDA improved by +$16 million.
• Adjusted EBITDA margin saw a +1076 bps improvement.
• Gross Margin percentage increased by +45% due to operating results and structural cost savings.

Operational Metrics

• Dispatch availability showed an +884 bps (+18%) year-to-date (YTD) YoY improvement.
• Fleet size was reduced by 5%.
• Aircraft utilization on the core fleet increased by +7%.
• Contractually committed demand hours (Partner, Fractional, Jet Club) increased by +2% compared to 2025.
• SG&A as a percentage of revenue decreased by -501 bps.
• Flight Hours per SG&A Headcount increased by +3%.
• Revenue per SG&A Headcount increased by +11%.
• Retail Members increased by +7%.
• Retail Sales for Jet Club increased by +1%.
• Fractional Retail Sales increased by +29%.

Balance Sheet

• Long-Term Notes Payable saw a - $94 million reduction since 2024, representing an 8% decrease.

Outlook / Guidance

flyExclusive, Inc. plans for profitable growth through fleet expansion, external MRO growth, and enhanced fleet utilization. The company aims for improved efficiency through technology enhancements and SG&A leverage, alongside cost reduction initiatives in operations and supply chain. These strategies are expected to lead to an Adjusted EBITDA margin of 4% over time, up from 0% in Q1 2026 and 0% in Q2 2026.