flyExclusive Achieves Single-Day Flight Record
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) ha raggiunto il suo record di voli in un solo giorno durante il fine settimana del Giorno del Ringraziamento 2023, con un aumento del 47% delle ore volate rispetto all'anno precedente e il più alto fatturato giornaliero nella sua storia di nove anni. La crescita dell'azienda è attribuita alla sua piattaforma integrata verticalmente e alla gestione strategica della flotta. Dopo un Accordo di Servizi di Gestione Aeronautica con il Volato Group a settembre, flyExclusive ha aggiunto quasi 200 membri Volato al suo Jet Club ed è riuscita ad ampliare la sua base di clienti frazionari. L'azienda ha recentemente acquisito tre aeromobili Challenger e prevede di accelerare le aggiunte alla flotta nel 2025.
flyExclusive (FLYX) logró su mayor récord de vuelos en un solo día durante el fin de semana de Acción de Gracias de 2023, con un incremento del 47% en horas voladas en comparación con el año anterior y los mayores ingresos diarios en sus nueve años de historia. El crecimiento de la empresa se atribuye a su plataforma integrada verticalmente y a la gestión estratégica de la flota. Tras un Acuerdo de Servicios de Gestión de Aeronaves con Volato Group en septiembre, flyExclusive agregó casi 200 miembros de Volato a su Jet Club y expandió su base de clientes fraccionarios. La empresa adquirió recientemente tres aeronaves Challenger y planea acelerar las adiciones a la flota en 2025.
flyExclusive (FLYX)는 2023년 추수감사절 주말에 단일일 비행 기록을 달성했으며, 지난해 대비 비행 시간이 47% 증가하고 아홉 해 역사상 가장 높은 하루 수익을 기록했습니다. 회사의 성장은 수직 통합 플랫폼과 전략적 항공기 관리에 기인합니다. 9월에 Volato Group와 항공기 관리 서비스 계약을 체결한 후, flyExclusive는 Jet Club에 거의 200명의 Volato 회원을 추가하고 분할 고객 기반을 확장했습니다. 또한, 최근 세 대의 Challenger 항공기를 인수했으며 2025년에 플릿 추가를 가속화할 계획입니다.
flyExclusive (FLYX) a atteint son plus haut record de vols en une seule journée pendant le week-end de Thanksgiving 2023, avec une augmentation de 47% des heures de vol par rapport à l'année précédente et le chiffre d'affaires quotidien le plus élevé de ses neuf ans d'histoire. La croissance de l'entreprise est attribuée à sa plateforme intégrée verticalement et à sa gestion stratégique de la flotte. Suite à un Accord de Services de Gestion d'Aéronefs avec le Volato Group en septembre, flyExclusive a ajouté près de 200 membres Volato à son Jet Club et a élargi sa base de clients fractionnés. La société a récemment acquis trois avions Challenger et prévoit d'accélérer l'ajout de nouveaux avions en 2025.
flyExclusive (FLYX) hat während des Thanksgiving-Wochenendes 2023 seinen höchsten Rekord für einen einzigen Flugtag erreicht, mit einem 47%igen Anstieg der geflogenen Stunden im Vergleich zum Vorjahr und dem höchsten Tagesumsatz in seiner neunjährigen Geschichte. Das Wachstum des Unternehmens wird seiner vertikal integrierten Plattform und der strategischen Flottenverwaltung zugeschrieben. Nach einem Vertrag über Flugzeugmanagement-Dienstleistungen mit der Volato Group im September fügte flyExclusive fast 200 Volato-Mitglieder zu seinem Jet-Club hinzu und erweiterte somit seine fractional Kundenbasis. Das Unternehmen hat kürzlich drei Challenger-Flugzeuge erworben und plant, die Flottenerweiterungen bis 2025 zu beschleunigen.
- Record-breaking flight operations during Thanksgiving weekend
- 47% increase in hours flown year-over-year
- Highest one-day revenue in company's 9-year history
- Addition of 200 new Volato members to Jet Club
- Recent acquisition of three Challenger aircraft
- Planned fleet expansion in 2025
- None.
Insights
The record-breaking Thanksgiving performance demonstrates flyExclusive's strong operational execution and market share gains. The
flyExclusive's performance indicates significant market penetration in the premium private aviation sector. The successful integration of Volato members into their Jet Club program suggests effective cross-selling and customer acquisition strategies. The company's vertically integrated model provides a competitive advantage in the fragmented private aviation market. The planned fleet expansion in 2025 could further strengthen their market position, especially as demand for private aviation remains strong. The combination of membership growth, fleet expansion and operational efficiency improvements positions flyExclusive well against competitors in the premium charter segment.
Milestone reflects success of flyExclusive’s vertically integrated platform and ability to take market share
“As we’ve grown the business, we’ve been disciplined and strategic every step of the way, and we’re seeing the results of that with strong customer demand combined with efficient fleet utilization,” said Jim Segrave, Founder and CEO of flyExclusive. “Being vertically integrated allows us to control every aspect of the customer experience and that has led to strong, stable demand in our Jet Club and fractional programs that we expect to continue through the holiday season and into 2025. As we continue to add new, high-performance aircraft to our fleet, and offer customers a consistently superior experience, we’ll continue to take market share and further scale the business.”
As reported in flyExclusive’s Q3 earnings call, flyExclusive has been one of the fastest growing private aviation companies over the past year, driven by strong demand and an enhanced fleet. Since entering into an Aircraft Management Services Agreement with Volato Group, Inc. (“Volato”) in September, flyExclusive has added nearly 200 Volato members to its Jet Club while also expanding its fractional customer base.
The Company recently took delivery of three Challenger aircraft and expects additions to accelerate in 2025, with each additional aircraft bringing a substantial boost to profitability.
About flyExclusive
flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world’s largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive’s in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: risks related to reliance on and the need to hire, integrate and retain key personnel; management of growth; the ability of the Company to file timely file its required annual and quarterly reports with the SEC; the ability of the Company to regain compliance with NYSE American continued listing standards and maintain the listing of the Company’s securities on a national securities exchange; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; volatility of the price of the Company’s securities due to a variety of factors, including publication of articles about the Company by third parties, changes in the competitive and highly regulated industries in which flyExclusive operates, variations in operating performance across competitors, changes in laws and regulations affecting flyExclusive’s business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; and the risk of downturns and a changing regulatory landscape in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of flyExclusive’s registration statement on Form S-1 and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241217029670/en/
Media: Jillian Wilson, Marketing Specialist
media@flyexclusive.com
Investor Relations: Sloan Bohlen, Solebury Strategic Communications
investors@flyexclusive.com
Source: flyExclusive, Inc.
FAQ
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