FLYX Stock Recent News

KINSTON, N.C. & LAS VEGAS--(BUSINESS WIRE)--flyExclusive Inc. (NYSE American: FLYX), a publicly traded provider of premium jet charter experiences, has entered a definitive agreement to acquire the aviation business of Jet.AI Inc. (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company. flyExclusive will acquire the business in conjunction with Jet.AI's focus on being a pure-play AI solutions company. The transaction will occur following Jet.AI's spin of the business.

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flyExclusive, a private aviation operator, is poised for growth with expected positive cash flow in Q4 2024 and positive EBITDA in early 2025. The company has significantly reduced losses by offloading underperforming aircraft and focusing on vertical integration and fractional Challenger 350 sales. Valuing FLYX stock is challenging due to a lack of comparable firms, but a 10-15 multiple on EBITDA is assumed.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced that it operated the most flights in company history over the Thanksgiving holiday weekend. The Company increased its hours flown by 47% compared to the 2023 Thanksgiving holiday weekend and achieved its highest one-day revenue total in nine years of operation. “As we've grown the business, we've been di.

flyExclusive, Inc. (NYSE:FLYX ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Sloan Bohlen - Head of Investor relations Jim Segrave - Founder, CEO and Chairman Matthew Lesmeister - Chief Financial Officer Conference Call Participants Marvin Fong - BTIG Operator Greetings. Welcome to flyExclusive Second Quarter and First Half 2024 Earnings Call.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) today announced second quarter 2024 financial results through a Form 10-Q furnished with the Securities and Exchange Commission (SEC). The Form 10-Q can be found at https://ir.flyexclusive.com/sec-filings or at www.sec.gov. Management will discuss these results during a conference call being held today at 5:00 pm ET. Interested parties can access the conference call by dialing 877-404-1250 or +1 215-268-9892. To access a li.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced a $25 million preferred equity investment and first quarter 2024 results. Preferred Equity Investment The Company has entered into a securities purchase agreement dated August 8, 2024 with an investment vehicle managed by EnTrust Global (“the Initial Investor”) and EG Sponsor LLC (“EG Sponsor” and, toget.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the promotion of Matt Lesmeister to Chief Financial Officer, effective June 25, 2024. The Company also announced the promotion of Zach Nichols to Chief Accounting Officer from his previous role as Senior Vice President of Finance. Mr. Lesmeister joined the company on May 30, 2024, as Executive Vice Presi.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced that fractional owners of its Cessna Citation CJ3+ fleet can lock in a minimum value of their share by participating in the JetQuity Protect residual value guarantee program. Fractional owners pay a one-time fixed fee, and after the five-year term, the Program guarantees a minimum residual value for thei.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”) a provider of premium private jet charter experiences, announced today that on May 21, 2024, the Company received notice (the “Notice”) from NYSE American LLC (“NYSE”) stating that the Company is not in compliance with Section 1007 of the NYSE American Company Guide because the Company did not timely file its Form 10-Q for the period ended March 31, 2024 (the “Form 10-Q”) with the Securitie.