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flyExclusive, Inc. — Q3 2026 Earnings Summary

  • Consolidated revenue reached $111 million (up 21% YoY), driven by 69% growth in fractional revenue and 38% growth in MRO revenue, while gross margin expanded 850 basis points YoY to 22%.
  • Adjusted EBITDA turned positive at $5.1 million for Q3 2026 (a $7.0 million improvement YoY), with YTD Adjusted EBITDA rising to $22 million and long-term debt reduced by $106 million since 2024.
  • Management projects an average Adjusted EBITDA improvement of approximately $2.5 million per quarter and targets a 5% Adjusted EBITDA margin by Q3 2026, supported by fleet optimization that eliminated 35 non-performing aircraft.
  • Strategic initiatives include expanding Mobile Service Units from 14 to 30+ trucks, securing a $30 million grant for MRO facility expansion, and pursuing vertical integration and acquisition opportunities to capture market share in a $67 billion industry by 2032.
Company
FLYEXCLUSIVE INC
Sector
Industrials
Industry
Airlines