v3.25.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 88,125 $ 79,972 $ 327,274 $ 315,362
Costs and expenses        
Cost of revenue 76,825 74,234 290,212 264,176
Selling, general and administrative 20,990 25,183 91,337 75,430
Depreciation and amortization 6,251 6,491 25,709 26,982
(Gain) loss on aircraft sales and aircraft held for sale (1,205) 1,489 2,795 (13,905)
Total costs and expenses 102,861 107,397 410,053 352,683
Loss from operations (14,736) (27,425) (82,779) (37,321)
Other income (expense)        
Interest income 703 1,278 4,313 4,629
Interest expense (5,388) (4,655) (21,183) (22,223)
Gain on forgiveness of CARES Act loan     0 339
Change in fair value of derivative liability     0 (14,589)
Change in fair value of warrant liability 569 (2,780) (1,467) (334)
Gain (loss) on extinguishment of debt (4,161) 0 0 14,843
Other (expense) income (34) 592 (338) (82)
Total other income (expense), net (8,311) (5,565) (18,675) (17,417)
Loss before income taxes (23,047) (32,990) (101,454) (54,738)
Income tax expense (benefit) 0 0 41 0
Net loss (23,047) (32,990) (101,495) (54,738)
Less: Net income (loss) attributable to redeemable noncontrolling interests (17,558) (21,699) (73,384) 1,080
Less: Net loss attributable to noncontrolling interests (40) (5,450) (7,037) (8,983)
Net loss attributable to flyExclusive, Inc. (5,449) (5,841) (21,074) (46,835)
Net loss attributable to common stockholders $ (7,448) $ (6,126) (25,565) (46,835)
Net loss attributable to common stockholders     $ (25,565) (46,835)
Basic and Diluted Earnings Per Share*        
Basic Earnings (Loss) Per Share (in dollars per share) $ (0.3) $ (0.35) $ (1.07) [1]  
Diluted Earnings (Loss) Per Share (in dollars per share) $ (0.3) $ (0.35) $ (1.07) [1]  
Weighted Average Shares Outstanding, Basic and Diluted [Abstract]        
Weighted Average Basic Common Shares Outstanding (in shares) 25,156,561 17,305,720 23,809,490 [1]  
Weighted Average Diluted Common Shares Outstanding (in shares) 25,156,561 17,305,720 23,809,490 [1]  
Other comprehensive loss        
Net loss attributable to flyExclusive, Inc. $ (5,449) $ (5,841) $ (21,074) (46,835)
Unrealized gains (losses) on available-for-sale debt securities 54 (169) 13 407
Comprehensive loss attributable to flyExclusive, Inc. (5,395) (6,010) (21,061) (46,428)
Series A Preferred Stock        
Other income (expense)        
Preferred Dividends (1,007) (285) (3,258) 0
Series B Preferred Stock        
Other income (expense)        
Preferred Dividends $ (992) $ 0 $ (1,233) $ 0
[1] Basic and diluted earnings (loss) per share has not been presented for the year ended December 31, 2023 in the consolidated statements of operations and comprehensive loss. As a result of the Merger (as defined in Note 4 "Merger"), the Company's capital structure was significantly altered. The Company determined that presenting earnings per share for periods prior to the Merger would not result in values meaningful to the users of the consolidated financial statements. See Earnings per Share in Note 2 "Summary of Significant Accounting Policies" and Note 3 "Earnings (Loss) Per Share" for further discussion.