|
Revenue
|
|
$9k
|
$320.0m
|
$315.4m
|
$327.3m
|
$375.9m
|
|
Cost of revenue
|
|
$7k
|
$255.4m
|
$264.2m
|
$290.2m
|
$319.6m
|
|
Selling, general and administrative
|
|
—
|
$53.8m
|
$75.4m
|
$91.3m
|
$82.6m
|
|
Depreciation and amortization
|
|
—
|
$23.1m
|
$27.0m
|
$25.7m
|
$23.6m
|
|
(Gain) loss on aircraft sales and aircraft held for sale
|
|
—
|
—
|
($13.9m)
|
$2.8m
|
($2.7m)
|
|
Loss from operations
|
|
($1.0m)
|
($4.1m)
|
($51.2m)
|
($82.8m)
|
($47.2m)
|
|
Interest income
|
|
—
|
$782k
|
$4.6m
|
$4.3m
|
$1.4m
|
|
(Loss) gain on lease termination
|
|
—
|
$143k
|
$29k
|
$133k
|
($2.5m)
|
|
Change in fair value of warrant liabilities
|
|
$3.3m
|
$5.1m
|
($334k)
|
($1.5m)
|
($1.4m)
|
|
Loss on extinguishment of debt
|
|
—
|
$0
|
$14.8m
|
$0
|
($1.4m)
|
|
Loss before income taxes
|
|
$2.1m
|
$4.3m
|
($54.7m)
|
($101.5m)
|
($67.1m)
|
|
Net loss
|
|
—
|
($4.2m)
|
($54.7m)
|
($101.5m)
|
($67.1m)
|
|
Less: Net loss attributable to redeemable noncontrolling interests
|
|
—
|
$0
|
$1.1m
|
($73.4m)
|
($50.5m)
|
|
Net loss attributable to flyExclusive, Inc.
|
|
$2.1m
|
$3.7m
|
($46.8m)
|
($21.1m)
|
($17.6m)
|
|
Preferred Dividends
|
|
—
|
—
|
$0
|
($9.0m)
|
($19.9m)
|
|
Net loss attributable to common stockholders
|
|
—
|
—
|
($46.8m)
|
($25.6m)
|
($27.6m)
|
|
Unrealized gains on available-for-sale debt securities
|
|
—
|
($476k)
|
$407k
|
$13k
|
$0
|
|
Comprehensive loss attributable to flyExclusive, Inc.
|
|
—
|
$5.6m
|
($46.4m)
|
($21.1m)
|
($17.6m)
|
|
Less: Net income (loss) attributable to noncontrolling interests
|
|
$2.1m
|
($10.2m)
|
($9.0m)
|
($7.0m)
|
$1.0m
|
|
Basic loss per share (in dollars per share)
|
|
$0.33
|
$0.39
|
—
|
($1.07)
|
($1.01)
|
|
Diluted loss per share
|
|
$0.33
|
$0.39
|
—
|
($1.07)
|
($1.01)
|
|
Weighted average common shares outstanding (basic)
|
|
25.8m
|
33.8m
|
—
|
23.8m
|
27.2m
|
|
Other income (expense)
|
|
|
|
|
|
|
|
Interest expense
|
|
—
|
($8.3m)
|
($22.2m)
|
($21.2m)
|
($21.4m)
|
|
Income tax expense
|
|
$0
|
($601k)
|
$0
|
$41k
|
$37k
|
|
Total costs and expenses
|
|
—
|
$332.3m
|
$366.6m
|
$410.1m
|
$423.1m
|
|
Total other expense, net
|
|
$3.1m
|
$8.3m
|
($3.5m)
|
($18.7m)
|
($19.8m)
|