flyExclusive (FLYX)
Market Price (7/22/2026): $1.18 | Market Cap: $54.4 MilSector: Industrials | Industry: Passenger Airlines
flyExclusive (FLYX)
Market Price (7/22/2026): $1.18Market Cap: $54.4 MilSector: IndustrialsIndustry: Passenger Airlines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. | Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -156% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -43 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 406% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.2% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% High stock price volatilityVol 12M is 175% Key risksFLYX key risks include [1] severe financial distress, Show more. |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -156% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -43 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 406% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% |
| High stock price volatilityVol 12M is 175% |
| Key risksFLYX key risks include [1] severe financial distress, Show more. |
Qualitative Assessment
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flyExclusive (FLYX) stock has lost about 50% since 3/31/2026 because of the following key factors:
1. Persistent GAAP Net Losses and Significant Balance Sheet Weaknesses. flyExclusive reported a GAAP net loss of $13.3 million in fiscal Q1 2026, despite a 9.3% increase in revenue to $96.4 million year-over-year. As of March 31, 2026, the company exhibited significant financial fragility, with total liabilities of $521.8 million exceeding total assets of $449.3 million, resulting in a stockholders' deficit of $214.6 million and a working capital deficit of $212.3 million. Furthermore, flyExclusive's financial strength was characterized by a current ratio of 0.24 and a debt-to-equity ratio of -1.23, indicating poor short-term liquidity and high leverage.
2. Share Dilution and Strategic Uncertainty from Jet.AI Acquisition. The acquisition of Jet.AI's aviation assets, finalized on July 14, 2026, involved the issuance of 5,676,893 shares of Class A common stock to SpinCo shareholders, with an additional 1,419,224 reserve shares, creating potential dilution for existing shareholders. A portion of the acquisition consideration included approximately $6.1 million in publicly traded Space Exploration Technologies Corp. (SPCX) shares, which are subject to a pre-IPO lock-up restriction releasing on a staggered schedule until December 2026, adding an element of uncertainty regarding their timely monetization for funding fleet growth or operational initiatives.
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flyExclusive (FLYX) stock has lost about 50% since 3/31/2026 because of the following key factors:
1. Persistent GAAP Net Losses and Significant Balance Sheet Weaknesses. flyExclusive reported a GAAP net loss of $13.3 million in fiscal Q1 2026, despite a 9.3% increase in revenue to $96.4 million year-over-year. As of March 31, 2026, the company exhibited significant financial fragility, with total liabilities of $521.8 million exceeding total assets of $449.3 million, resulting in a stockholders' deficit of $214.6 million and a working capital deficit of $212.3 million. Furthermore, flyExclusive's financial strength was characterized by a current ratio of 0.24 and a debt-to-equity ratio of -1.23, indicating poor short-term liquidity and high leverage.
2. Share Dilution and Strategic Uncertainty from Jet.AI Acquisition. The acquisition of Jet.AI's aviation assets, finalized on July 14, 2026, involved the issuance of 5,676,893 shares of Class A common stock to SpinCo shareholders, with an additional 1,419,224 reserve shares, creating potential dilution for existing shareholders. A portion of the acquisition consideration included approximately $6.1 million in publicly traded Space Exploration Technologies Corp. (SPCX) shares, which are subject to a pre-IPO lock-up restriction releasing on a staggered schedule until December 2026, adding an element of uncertainty regarding their timely monetization for funding fleet growth or operational initiatives.
3. Removal from Key Market Benchmarks. flyExclusive was notably dropped from the Russell 2000 Growth and Russell 3000E Growth benchmarks in June 2026. This removal likely led to forced selling by institutional funds and exchange-traded funds (ETFs) that track these indices, contributing to downward pressure on the stock price during the specified period.
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Stock Movement Drivers
Fundamental Drivers
The -48.7% change in FLYX stock from 3/31/2026 to 7/21/2026 was primarily driven by a -38.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.26 | 1.16 | -48.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 376 | 384 | 2.2% |
| P/S Multiple | 0.2 | 0.1 | -17.9% |
| Shares Outstanding (Mil) | 28 | 46 | -38.8% |
| Cumulative Contribution | -48.7% |
Market Drivers
3/31/2026 to 7/21/2026| Return | Correlation | |
|---|---|---|
| FLYX | -48.7% | |
| Market (SPY) | 15.1% | 28.9% |
| Sector (XLI) | 10.5% | 11.4% |
Fundamental Drivers
The -71.8% change in FLYX stock from 12/31/2025 to 7/21/2026 was primarily driven by a -55.7% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.11 | 1.16 | -71.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 363 | 384 | 5.8% |
| P/S Multiple | 0.3 | 0.1 | -55.7% |
| Shares Outstanding (Mil) | 28 | 46 | -39.8% |
| Cumulative Contribution | -71.8% |
Market Drivers
12/31/2025 to 7/21/2026| Return | Correlation | |
|---|---|---|
| FLYX | -71.8% | |
| Market (SPY) | 10.0% | 17.0% |
| Sector (XLI) | 15.5% | 11.0% |
Fundamental Drivers
The -40.5% change in FLYX stock from 6/30/2025 to 7/21/2026 was primarily driven by a -45.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302025 | 7212026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.95 | 1.16 | -40.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 335 | 384 | 14.5% |
| P/S Multiple | 0.1 | 0.1 | -4.7% |
| Shares Outstanding (Mil) | 25 | 46 | -45.5% |
| Cumulative Contribution | -40.5% |
Market Drivers
6/30/2025 to 7/21/2026| Return | Correlation | |
|---|---|---|
| FLYX | -40.5% | |
| Market (SPY) | 22.1% | 15.9% |
| Sector (XLI) | 22.4% | 11.7% |
Fundamental Drivers
nullnull
Market Drivers
6/30/2023 to 7/21/2026| Return | Correlation | |
|---|---|---|
| FLYX | -88.7% | |
| Market (SPY) | 74.8% | 11.8% |
| Sector (XLI) | 73.4% | 9.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLYX Return | -0% | 3% | -45% | -43% | 30% | -71% | -88% |
| Peers Return | -53% | -37% | -60% | -65% | -71% | -64% | -100% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| FLYX Win Rate | 50% | 58% | 75% | 42% | 50% | 29% | |
| Peers Win Rate | 25% | 46% | 56% | 33% | 31% | 29% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| FLYX Max Drawdown | - | -1% | -54% | -90% | -50% | -84% | |
| Peers Max Drawdown | -64% | -79% | -91% | -85% | -87% | -79% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UP, SRFM, SOAR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/21/2026 (YTD)
How Low Can It Go
| Event | FLYX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.9% | -18.8% |
| % Gain to Breakeven | 36.8% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
In The Past
flyExclusive's stock fell -26.9% during the 2025 US Tariff Shock. Such a loss loss requires a 36.8% gain to breakeven.
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| Event | FLYX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.9% | -18.8% |
| % Gain to Breakeven | 36.8% | 23.1% |
| Time to Breakeven | 66 days | 79 days |
In The Past
flyExclusive's stock fell -26.9% during the 2025 US Tariff Shock. Such a loss loss requires a 36.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About flyExclusive (FLYX)
flyExclusive (FLYX) operates as EG Acquisition Corp., a blank check company incorporated in 2021. Its core business purpose is to identify and complete an initial business combination. This combination can take various forms, including a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization with one or more existing operating businesses.
As a Special Purpose Acquisition Company (SPAC), flyExclusive (FLYX) does not possess its own commercial operations or generate revenue from traditional products or services. Instead, its primary "business model" revolves around raising capital from investors to acquire a private company, thereby facilitating its entry into the public market. The company's management team is focused on leveraging its expertise to find a suitable acquisition target within a specified timeframe.
The primary "market" for flyExclusive (FLYX) encompasses the landscape of private companies seeking to become publicly traded entities. Its "customers" are primarily public investors who invest in the SPAC with the expectation that a successful business combination will lead to growth and value creation for the combined entity. The company maintains its headquarters in New York, New York.
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- Private Jet Charters: On-demand access to private aircraft for individuals or groups.
- Jet Card Programs: Pre-purchased blocks of flight hours, offering fixed rates and guaranteed availability on their fleet.
- Fractional Jet Ownership: A program allowing individuals or companies to purchase a share of a private jet, providing annual flight hours.
- Aircraft Management: Comprehensive services for private jet owners, including maintenance, crew staffing, and operational support.
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- Textron Inc. (TXT)
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Jim Segrave, Founder, CEO & Chairman
Jim Segrave is the visionary Founder, Chairman, and CEO of flyExclusive, which he established in 2015. Previously, he founded Segrave Aviation, Inc. in 1994, a successful aircraft charter company that he sold to Delta Air Lines in 2010, subsequently becoming Delta Private Jets. Segrave served as President of Delta Private Jets from 2010 to 2013. His entrepreneurial endeavors also include founding LGM Ventures, LLC, which operates fixed-base operations (FBOs), a large daycare center, and a restaurant and bar. He is also a partner in the Down East Bird Dogs Baseball Team. Segrave maintains substantial control over flyExclusive through his parent company, LGM Enterprises, LLC, holding 71% of the company's voting power as of May 2024.
Brad Garner, Chief Financial Officer
Brad Garner joined flyExclusive as Chief Financial Officer in September 2024. Prior to this role, he served as Chief Financial and Compliance Officer at Hale Partnership Capital Management, LLC (HPCM) since 2015, an investment partnership focused on public equity, private equity, and real estate. During his tenure at HPCM, he also held the position of Chief Financial and Principal Accounting Officer for the publicly traded HG Holdings, Inc. from 2018 to 2022. Additionally, as CFO of Best Bar Ever, Inc., a protein bar company, he played a key role in the spin-off of non-core assets and structured multiple rounds of venture capital investment and its eventual exit.
Matthew Lesmeister, Chief Operating Officer
Matthew Lesmeister became Chief Operating Officer of flyExclusive in September 2024. He previously served as Executive Vice President & Chief of Staff for the company. Before joining flyExclusive, Lesmeister was the Vice President, Transformation and Strategy at Fox Factory Holding Corp., a publicly traded global leader in the design and manufacturing of premium products for sport and off-road vehicles. In this role, he developed investment strategies for global transformation, integrated acquisitions, and drove continuous operational improvement.
Mike Guina, Chief Commercial Officer
Mike Guina transitioned to Chief Commercial Officer at flyExclusive in September 2024. He previously held the role of President, overseeing the company's fleet, dispatch, maintenance, and pilot operations. Guina's extensive background in aviation includes serving as Executive Vice President of Delta Private Jets, where he managed operations, sales, product development, and revenue management. He joined Delta Private Jets following the acquisition of Segrave Aviation in January 2010, where he had been Executive Vice President for six years. Earlier in his career, he spent a decade with Air Partner PLC, rising to President of U.S. Operations and a board member.
Matt Liotta, Chief Business Officer
Matt Liotta joined flyExclusive as Chief Business Officer in January 2026. He concurrently serves as the CEO of Volato, Inc. His appointment follows a long-standing relationship between Volato and flyExclusive, which includes agreements for flyExclusive to manage Volato's fleet operations and acquire its aircraft sales unit.
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flyExclusive (FLYX) operates in several segments within the private aviation industry, including private jet charter services, jet club/jet card programs, and fractional ownership. The company also provides Maintenance, Repair, and Overhaul (MRO) services, though specific addressable market sizes for this segment were not readily available.
Here are the addressable market sizes for flyExclusive's main products or services:
-
Private Jet Charter Services:
- Globally, the private jet charter services market was valued at $24.12 billion in 2025 and is projected to grow to $27.38 billion in 2026. It is further projected to reach approximately USD 30 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.8% from 2025.
- In the U.S., the private jet charter market is estimated at $28.9 billion in 2025. North America was the largest region in this market in 2025.
-
Jet Club / Jet Card Programs:
- The global Jet Card Membership market size reached USD 10.2 billion in 2024. This market is projected to expand to USD 21.4 billion by 2033, with a CAGR of 8.7% from 2025.
- In North America, the Jet Card Membership market accounted for approximately USD 5.6 billion in 2024.
-
Fractional Ownership:
- The global fractional aircraft ownership market size reached USD 10.8 billion in 2024. It is expected to grow at a CAGR of 5.7% from 2025 to 2033, reaching a forecasted value of USD 18.1 billion by 2033.
- North America leads the fractional aircraft ownership market, accounting for approximately USD 6.5 billion in 2024.
- Maintenance, Repair, and Overhaul (MRO) Services: null
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Expected Drivers of Future Revenue Growth for flyExclusive (FLYX)
Over the next 2-3 years, flyExclusive (FLYX) is expected to drive future revenue growth through several key initiatives:
- Fleet Expansion and Modernization: flyExclusive plans to add approximately 20 new aircraft in 2026, aiming for more than 15% growth in flight hours and reaching an annualized run rate exceeding 100,000 hours by year-end. This expansion, coupled with the ongoing modernization of its fleet by replacing non-performing aircraft with more profitable ones, is designed to increase capacity and efficiency.
- Growth in Fractional Ownership and Jet Club Memberships: The company has seen significant growth in its fractional sales, which surged by 56% in 2025. Fractional active membership also increased by 32% year-over-year in Q2 2025. Furthermore, higher jet club hours and an increase in active members, which reached 1,203, are contributing to recurring revenue potential. flyExclusive's strategy involves converting customers from other programs and retaining them.
- Expansion of Maintenance, Repair, and Overhaul (MRO) Services: Revenue from Maintenance, Repair, and Overhaul (MRO) services has shown substantial growth, with external MRO revenue for Q4 2025 increasing by 52% year-over-year and full-year MRO revenue rising by 48%. This segment represents a growing revenue stream for the company.
- Increased Fleet Utilization and Operational Efficiency: Through strategic fleet modernization and the removal of non-performing aircraft, flyExclusive has significantly improved its operational efficiency. Core fleet utilization increased by approximately 23% per aircraft, leading to more flight hours from a more streamlined fleet.
- Strategic Acquisitions and Partnerships: The company has engaged in strategic moves such as the closing of the first half of the Volato transaction, which is expected to bring new scheduling and optimization software and contribute to bottom-line improvement. Additionally, the acquisition of Jet.AI's aviation division aims to bolster capital and expand flyExclusive's customer base. These initiatives are anticipated to broaden service capabilities and enhance revenue channels.
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Share Issuance
- Upon the completion of the business combination on December 27, 2023, flyExclusive issued 9,923,054 shares of Class A Common Stock to stockholders of EG Acquisition Corp., and 59,930,000 shares were issuable upon the exercise of LGM common units.
- In January 2026, the company completed an underwritten public offering of 2,255,639 shares of common stock at $6.65 per share, raising approximately $15 million for working capital and general corporate purposes.
- On March 6, 2026, flyExclusive issued 451,901 shares of its Class A common stock, valued at $1,333,333, to Volato as consideration for the acquisition of Mission Control private aviation software and related intellectual property.
Inbound Investments
- The December 2023 SPAC merger with EG Acquisition Corp. served as a significant event to bolster the company's capital resources.
- The business combination was anticipated to provide up to $310 million in proceeds, including $85 million from committed convertible notes.
- In March 2024, an investment vehicle managed by EnTrust Global and EG Sponsor LLC provided $25 million in preferred equity to support fleet upgrades and expansion initiatives.
Outbound Investments
- On March 6, 2026, flyExclusive acquired Mission Control private aviation software, related intellectual property, and other assets from Volato for $1,333,333, which was paid in 451,901 Class A shares.
- The company has also identified a proposed merger with Jet.AI as a potential growth opportunity.
Capital Expenditures
- For the last 12 months ending December 31, 2025, capital expenditures amounted to approximately $56.89 million.
- The company plans to expand its fleet by approximately 20 aircraft in 2026.
- A $30 million investment for a new pilot training center and headquarters in North Carolina has been announced, with groundbreaking projected for 2028.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 0.97 |
| Mkt Cap | 0.1 |
| Rev LTM | 246 |
| Op Inc LTM | -57 |
| FCF LTM | -47 |
| FCF 3Y Avg | -68 |
| CFO LTM | -30 |
| CFO 3Y Avg | -37 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -4.5% |
| Rev Chg 3Y Avg | 44.9% |
| Rev Chg Q | 2.1% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | 26.2% |
| Op Inc Chg 3Y Avg | -24.9% |
| Op Mgn LTM | -21.3% |
| Op Mgn 3Y Avg | -24.7% |
| QoQ Delta Op Mgn LTM | 3.0% |
| CFO/Rev LTM | -13.8% |
| CFO/Rev 3Y Avg | -30.3% |
| FCF/Rev LTM | -29.0% |
| FCF/Rev 3Y Avg | -38.2% |
Price Behavior
| Market Price | $1.16 | |
| Market Cap ($ Bil) | 0.1 | |
| Distance from 52W High | -84.0% | |
| 50 Days | 200 Days | |
| DMA Price | $2.13 | $2.87 |
| DMA Trend | down | down |
| Distance from DMA | -45.7% | -59.6% |
| 3M | 1YR | |
| Volatility | 83.5% | 175.0% |
| Downside Capture | 454.75 | 175.45 |
| Upside Capture | 34.70 | 50.07 |
| Correlation (SPY) | 30.7% | 16.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.37 | 1.47 | 2.24 | 2.63 | 2.12 | 0.97 |
| Up Beta | 1.42 | 2.30 | 2.68 | 5.08 | 4.24 | 1.18 |
| Down Beta | -0.55 | 0.09 | -0.62 | 3.96 | 4.47 | 1.28 |
| Up Capture | -98% | 135% | 196% | 85% | 52% | 13% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 22 | 32 | 53 | 113 | 335 |
| Down Capture | 148% | 201% | 336% | 214% | 98% | 105% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 18 | 29 | 66 | 129 | 338 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYX | |
|---|---|---|---|---|
| FLYX | -54.8% | 174.7% | 0.17 | - |
| Sector ETF (XLI) | 19.3% | 16.6% | 0.88 | 11.6% |
| Equity (SPY) | 20.3% | 12.6% | 1.19 | 16.3% |
| Gold (GLD) | 21.6% | 28.1% | 0.69 | 7.1% |
| Commodities (DBC) | 31.4% | 19.1% | 1.30 | -0.5% |
| Real Estate (VNQ) | 15.0% | 14.0% | 0.76 | 7.3% |
| Bitcoin (BTCUSD) | -44.6% | 42.9% | -1.25 | 9.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYX | |
|---|---|---|---|---|
| FLYX | -36.5% | 114.0% | -0.04 | - |
| Sector ETF (XLI) | 13.4% | 17.6% | 0.59 | 7.3% |
| Equity (SPY) | 12.9% | 17.1% | 0.58 | 9.3% |
| Gold (GLD) | 17.3% | 18.4% | 0.76 | 7.5% |
| Commodities (DBC) | 8.9% | 19.5% | 0.35 | 0.9% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 3.4% |
| Bitcoin (BTCUSD) | 14.9% | 53.4% | 0.46 | 6.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYX | |
|---|---|---|---|---|
| FLYX | -20.3% | 114.0% | -0.04 | - |
| Sector ETF (XLI) | 13.9% | 20.0% | 0.61 | 7.3% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 9.3% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 7.5% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | 0.9% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 3.4% |
| Bitcoin (BTCUSD) | 58.7% | 66.2% | 0.99 | 6.0% |
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Earnings Returns History
Updated 7/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -5.7% | 8.7% | -1.7% |
| 3/5/2026 | 1.6% | -1.6% | -2.4% |
| 11/12/2025 | -1.2% | 5.2% | 16.6% |
| 8/13/2025 | -2.9% | 42.5% | 56.1% |
| 1/3/2024 | 12.5% | 15.8% | 56.7% |
| SUMMARY STATS | |||
| # Positive | 2 | 4 | 3 |
| # Negative | 3 | 1 | 2 |
| Median Positive | 7.1% | 12.3% | 56.1% |
| Median Negative | -2.9% | -1.6% | -2.1% |
| Max Positive | 12.5% | 42.5% | 56.7% |
| Max Negative | -5.7% | -1.6% | -2.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -5.7% | 8.7% | -1.7% |
| 3/5/2026 | 1.6% | -1.6% | -2.4% |
| 11/12/2025 | -1.2% | 5.2% | 16.6% |
| 8/13/2025 | -2.9% | 42.5% | 56.1% |
| 1/3/2024 | 12.5% | 15.8% | 56.7% |
| SUMMARY STATS | |||
| # Positive | 2 | 4 | 3 |
| # Negative | 3 | 1 | 2 |
| Median Positive | 7.1% | 12.3% | 56.1% |
| Median Negative | -2.9% | -1.6% | -2.1% |
| Max Positive | 12.5% | 42.5% | 56.7% |
| Max Negative | -5.7% | -1.6% | -2.4% |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA Margin | 12.0% | ||||||
Prior: Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-performing aircraft elimination | |||||||
Q3 2025 Earnings Reported 11/12/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Operating Loss | -5.00 Mil | 900.0% | Lowered | Guidance: -0.50 Mil for 2025 | |||
Investor Activity (13F)
Updated Jul 22, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Passenger Airlines Resources |
| FlightGlobal |
| Airline Weekly |
| Skift Airlines |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.