Revenue: As of FY2025 Q1, the actual value is USD 177.53 M.

EPS: As of FY2025 Q1, the actual value is USD -0.14.

EBIT: As of FY2025 Q1, the actual value is USD -99.24 M.

Segment Revenue

• Membership Revenue: $9,189 for the three months ended March 31, 2025, compared to $16,854 for the same period in 2024, representing a decrease of 45%.
• Flight Revenue: $147,568 for the three months ended March 31, 2025, compared to $150,929 for the same period in 2024, representing a decrease of 2%.
• Other Revenue: $20,773 for the three months ended March 31, 2025, compared to $29,318 for the same period in 2024, representing a decrease of 29%.

Operational Metrics

• Net Loss: - $99,313 for the three months ended March 31, 2025, compared to - $97,393 for the same period in 2024.
• Gross Margin: -0.6% for the three months ended March 31, 2025, compared to -8.4% for the same period in 2024.
• Operating Loss: - $80,766 for the three months ended March 31, 2025, compared to - $84,548 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $47,924 for the three months ended March 31, 2025, compared to - $73,794 for the same period in 2024.
• Net Cash Provided by Investing Activities: $16,113 for the three months ended March 31, 2025, compared to $19,603 for the same period in 2024.
• Net Cash Used in Financing Activities: - $8,686 for the three months ended March 31, 2025, compared to - $24,314 for the same period in 2024.

Unique Metrics

• Adjusted EBITDA: - $24,150 for the three months ended March 31, 2025, compared to - $49,229 for the same period in 2024.
• Adjusted Contribution Margin: 12.6% for the three months ended March 31, 2025, compared to 1.0% for the same period in 2024.

Future Outlook and Strategy

• Fleet Modernization Strategy: Transition from four current private jet models to two different models, Embraer Phenom 300 series and Bombardier Challenger 300 series, while continuing to operate King Air 350i aircraft.
• Share Repurchase Program: Approved repurchase of up to $10.0 million of shares of Class A common stock.
• Extension of Revolving Credit Facility Availability Period: Extended by one year to September 20, 2026.