Flyexclusive Inc Stock Price, News & Analysis

flyExclusive (FLYX) has been named a winner in the 2025 Sherwin-Williams Aerospace Coatings calendar contest, marking its third consecutive year of recognition. The company achieved a historic milestone by being the first to receive recognition for two projects in the same calendar year, featuring a Hawker 800XP and a Beechcraft 350.

The aircraft were painted at the company's 12,000 square foot electrostatic painting and coating facility in Kinston, NC, which is the first of its kind in the Southeastern United States. The facility can accommodate aircraft up to the size of Gulfstream IV and Falcon 900, operating 24/7 with senior paint team members bringing over 20 years of experience.

The company's MRO division spans more than 100,000 square feet, including nearly 80,000 square feet dedicated to shop, interiors, avionics, and maintenance facilities. The paint facility features three hangars with full downdraft booth and filtration systems, operating in climate-controlled conditions.

flyExclusive (FLYX) achieved its highest single-day flight record during the 2023 Thanksgiving holiday weekend, with a 47% increase in hours flown compared to the previous year and the highest one-day revenue in its nine-year history. The company's growth is attributed to its vertically integrated platform and strategic fleet management. Following an Aircraft Management Services Agreement with Volato Group in September, flyExclusive added nearly 200 Volato members to its Jet Club and expanded its fractional customer base. The company recently acquired three Challenger aircraft and plans to accelerate fleet additions in 2025.

flyExclusive (FLYX) announced its third quarter 2024 financial results through a Form 10-Q filing with the SEC. The company has made the results available through their investor relations website and the SEC website. A conference call has been arranged for interested parties, accessible via phone or webcast, with event code 13749916. The webcast replay will be available for twelve months after the call.

flyExclusive (FLYX) has announced it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024. The company will host a conference call at 5:00 pm ET to discuss the results. Investors can join via phone (866-682-6100 or +1 862-298-0702) using event code 13749916, or through a live webcast. The webcast replay will be available for twelve months on the company's investor relations website.

flyExclusive (NYSEAMERICAN: FLYX), a premium private jet charter provider, has announced key leadership appointments to strengthen its executive team. Brad Garner joins as Chief Financial Officer, Matt Lesmeister becomes Chief Operating Officer, and Mike Guina transitions to Chief Commercial Officer, effective immediately.

Garner, previously with Hale Partnership Capital Management, , brings experience in fundraising, capital structuring, and accounting. Lesmeister will focus on driving operational excellence across the enterprise, while Guina will oversee sales and new business strategies.

CEO Jim Segrave expressed confidence in the new leadership structure, stating it positions the company for its next growth phase and reinforces its commitment to world-class professionals. The changes aim to optimize finance operations, accelerate strategic initiatives, and drive multiyear value for customers, employees, and shareholders.

Volato, the largest HondaJet operator in the US, has announced a strategic agreement with flyExclusive (NYSEAMERICAN: FLYX) to transition its fleet operations management. This move aims to bring substantial cost savings and allow Volato to focus on high-growth areas like aircraft sales and proprietary software. Under the Aircraft Management Services Agreement (AMS), flyExclusive will manage all aspects of Volato's fleet operations, including revenue and expenses.

Volato will continue to take delivery of new HondaJets and Gulfstream G280s, which will become part of flyExclusive's managed fleet. The company will benefit from aircraft sales margins without operational costs and generate revenue from its proprietary software, including the Vaunt empty leg program. FlyExclusive will add its empty-leg flights to Vaunt, potentially increasing flight inventory by up to 500%. The companies are also discussing a potential merger to further integrate their strengths in the private aviation sector.

flyExclusive (FLYX) has entered an Aircraft Management Services Agreement with Volato Group, the largest HondaJet operator in the U.S. Under this agreement, flyExclusive will manage Volato's fleet operations, sales, and expenses, comprising 25 aircraft. The deal aims to transfer aircraft to flyExclusive's certificate over the coming months, subject to FAA approval.

This partnership is expected to be immediately accretive to flyExclusive's top and bottom line, with Volato's transferable revenues estimated at $75 million. flyExclusive will execute flights for Volato's customer base, including 184 fractional and 265 block customers, significantly increasing its direct-to-customer business. The agreement also grants flyExclusive access to Volato's technology and a large portion of empty-leg flights for Vaunt software subscription customers.

flyExclusive (NYSEAMERICAN: FLYX) has released its second quarter 2024 financial results through a Form 10-Q filed with the SEC. The company will discuss these results during a conference call scheduled for today at 5:00 pm ET. Interested parties can join the call by dialing 877-404-1250 or +1 215-268-9892. A live webcast of the call is also available on the company's investor relations website. The webcast replay will be accessible for twelve months after the call concludes.

The Form 10-Q, containing detailed financial information, can be accessed on flyExclusive's investor relations website or the SEC's official website. This release of quarterly results is a standard practice for public companies, providing transparency to investors and stakeholders about the company's financial performance and position.

flyExclusive (NYSEAMERICAN: FLYX) has announced it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024. The company will host a conference call at 5:00 pm ET to discuss the results. Interested parties can join the call by dialing 877-404-1250 or +1 215-268-9892. A live webcast of the conference call will be available through a provided link and on the company's investor relations website. A replay of the webcast will be accessible on the website for twelve months following the call.