flyExclusive, Inc. (FLYX)

The past six months have seen several events impacting FLYX stock. In August 2025, flyExclusive reported its Q2 2025 earnings, showing a 15.6% revenue increase year-over-year to $91.3 million and a significant improvement in Adjusted EBITDA. The company also reported its Q3 2025 earnings in November 2025. In January 2026, flyExclusive announced a proposed public offering of common stock, followed by the pricing of a $15 million public offering of common stock, which led to a stock drop. Also in January 2026, the company acquired two additional Challenger 350 aircraft to advance fleet modernization and growth. A notable positive event in January 2026 was flyExclusive becoming an authorized Starlink Aviation dealer, which caused the stock to soar, with reports indicating a surge of over 130%. Throughout this period, there have been ongoing discussions and updates regarding a merger with Jet.AI, with both parties remaining committed to the transaction, expected to close in the first quarter of 2026. The stock price has experienced volatility, with a 52-week range of $1.90 to $8.88.

Demand for flyExclusive's products and services exhibits seasonality. The fourth quarter is typically the busiest due to very high demand over the holidays, while the first quarter is generally a seasonally slower period. Despite this, flyExclusive reported strong customer demand in Q1 2025, with retail charter activity up 10% year-over-year and growing engagement from new and existing members.

flyExclusive, Inc. (FLYX) is a vertically integrated private aviation company operating in the Air Transportation sector, specifically in Nonscheduled Air Transportation and Passenger Airlines. Headquartered in Kinston, North Carolina, it offers private jet experiences, including on-demand charter services, Jet Club memberships, and fractional ownership programs. The company provides MRO services for its fleet and third-party aircraft. flyExclusive operates over 100 owned and leased aircraft, primarily Cessna Citation jets, and includes Gulfstream, HondaJet, and Challenger aircraft. Its business model encompasses wholesale and retail ad hoc flights, a partnership program, and aircraft management services.

flyExclusive's operations are primarily centered in the United States, where it operates its private jet fleets. The company's network of flight operations extends across hundreds of airports throughout North America, with the capability to arrange international charters upon request. Its corporate headquarters and MRO facilities are located in Kinston, North Carolina.

In the past year, flyExclusive has maintained a strong brand reputation as a premier Part 135 owner/operator of private jet experiences, growing to become one of the nation's five largest private jet operators. Strategic partnerships, such as being recognized as the premier private aviation partner of Pardo Yachts, and a focus on fleet modernization and technology enhancement positively impact its brand image. While a public stock offering led to a temporary stock drop, the overall narrative has been one of strategic growth and operational improvements.

As of September 30, 2025, flyExclusive, Inc. has 45 institutional owners and shareholders holding a total of 15,765,416 shares. Institutions hold 43.47% of the shares outstanding, while public and other entities hold 56.53%. Major institutional shareholders include Entrust Global Partners L.L.C., Third Point LLC, Vanguard Group Inc, CastleKnight Management LP, Geode Capital Management, Llc, BlackRock, Inc., LPL Financial LLC, Axxcess Wealth Management, Llc, and Northern Trust Corp. Entrust Global Partners L.L.C. is the largest institutional holder with 13,951,712 shares.