Slide 1: flyExclusive Q2 2026 Earnings Review
flyExclusive, Inc. Q2 2026 Earnings Review August 12, 2026
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION. This Presentation contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to flyExclusive the products and services offered by flyExclusive and the markets in which it operates and flyExclusive’s expectations, inten
Slide 3: Executive Summary: Q2 2026 Highlights
I. EXECUTIVE SUMMARY Q2 2026 HIGHLIGHTS Structurally Improved Model +8% growth in flight hours with 6% fewer A/C Sustained growth across MRO & fractional categories +52% YoY growth in MRO +1,013 bps increase in dispatch availability vs. Q2 2025 Adjusted EBITDA Inflection $111 million in consolidated
Slide 4: Who We Are
Who We are Trusted partner in private jet travel, providing our clients with curated jet experiences that anticipate their needs for flexibility, comfort, and style World-class private aviation company providing a reliable travel experience and exclusive customer benefits Product suite serves range
Slide 5: Industry tailwinds: well-positioned to capture market share
flyExclusive well-positioned to benefit and capture market share INDUSTRY TAILWINDS Increasing TAM Private Aviation Industry is expected to reach $67B by 2032 Industry Drivers: Growing HNW Cohort Driving Demand Approximately 10% of households that can afford private aviation (defined as HHNW > $10 m
Slide 6: Company Market Share
Company Market Share Grown to 5th largest U.S. operator in ten years capturing market share in a fragmented market Avionics 2Q 22 2025 Top U.S. Private Jet Operators(1) Paint 2Q 21 Sky Night 1Q 20 Interiors 4Q 20 Jet Club 2Q 20 Rank #1,926 Rank #5 MRO 3Q 21 Repair Center 2Q 23 2024 1st Challenger 35
Slide 7: Our Scope and Scale
Our scope and Scale Floating fleet model with 100% operational control Headquartered in Kinston, North Carolina Operations centrally located within two flight hours of approximately 70%+ of the Company’s flight demand Approximately 675 employees w/ approximately 275 pilots Operations Overview Light
Slide 8: Our Products and Services
Multi-product approach to meet and serve varying client needs and preferences OUR PRODUCTS AND SERVICES Fleet Range Light Citation CJ3/CJ3+ Midsize Citation Excel/XLS/XLS+ Super-Midsize (Legacy) Citation Sovereign Citation X Super-Midsize Challenger 300 Challenger 350 Very-Light HondaJet Benefits to
Slide 9: Charter Flight Revenue Mix
Charter FLIGHT Revenue Mix Evolution to diversified mix and recurring committed revenue 5% 4% Contractually Committed & Recurring Demand 9% 26% 31% 39% 37% Wholesale JetClub Partner Fractional 2% 49% 2021 2022 2023 2020 2024 2025 Long-Term Goal 70% 49% Contractually Committed 100% Pre-Paid ~83% Rete
Slide 10: Vertical Integration - MRO
Vertical Integration - MRO Maintenance & Repair (MRO) Continued Investment in State-of-the-Art Facilities and Capabilities Part 145 Repair Station – 180+ techs in Kinston, NC Six dedicated hangars incorporating state of art electrostatic paint facility – accommodating aircraft up to Gulfstream size
Slide 11: Executive Summary: Q2 2026 Performance
I. EXECUTIVE SUMMARY Q2 2026 PERFORMANCE
Slide 12: Q2 2026 Performance at a Glance
Q2 2026(1) Performance at a glance Fleet Refresh and Continually Improving Operating Efficiencies leading to top- and bottom-line records Revenue Consolidated results of flyExclusive, Inc. for the three-month period ending June 30, 2026. Adjusted EBITDA, Adjusted EBITDA %, and Adjusted EBITDAR are n
Slide 13: Q2 2026 Performance at a Glance: Adjusted EBITDA
Q2 2026(1) Performance at a glance Adjusted EBITDA (2) Adjusted EBITDAR (2) $9.4M improvement in Adjusted EBITDA compared to Q2 2025 +954 basis point improvement in Adjusted EBITDA margin +11% improvement in Revenue per SG&A Headcount reflecting efficiency gains Fleet Refresh and Continually Improvi
Slide 14: Quarterly Performance at a Glance
Quarterly Performance at a glance Sequential quarterly improvement in Adjusted EBITDA (in millions) Consolidated results of flyExclusive, Inc. for the three-month period ending June 30, 2026. Adjusted EBITDA, Adjusted EBITDA %, and Adjusted EBITDAR are non-GAAP financial measures as defined and reco
Slide 15: Profitable Growth Roadmap
Profitable Growth roadmap Fractional & JetClub Programs Fleet Expansion External MRO Growth Fleet Utilization & Availability Vertical Integration Technology Enhancements SG&A Leverage Operations Supply Chain 0% 12%+ GROWTH INITIATIVES IMPROVED EFFICIENCY COST REDUCTION INITIATIVES 3.0 – 4.0% 3.0 – 6
Slide 16: Fleet refresh execution
Fleet refresh execution... Eliminated 32 non-performing aircraft Non-Performing Aircraft 1 non-performing aircraft disposed during Q2 2026 Operating loss reduced to <$300K per month from over $3M monthly at beginning of 2024 All remaining under contract to be sold Consolidated results of flyExclusiv
Slide 17: Operational Efficiency Gains
OPERATIONAL EFFICIENCY GAINS Fleet Refresh and operational improvements resulting in improved utilization and more efficient fleet Dispatch Availability +21% improvement in availability across the fleet 14 MSU trucks deployed in strategic geographic regions with planned expansion to 30+ trucks Each
Slide 18: Leads to Improved Utilization
…Leads to Improved utilization Fleet Refresh resulting in improved utilization and more efficient fleet Aircraft Generating Revenue Flight Hours 6% reduction in fleet size +8% increase in flight hours +14% increase in aircraft utilization on core fleet due to a more efficient fleet mix Consolidated
Slide 19: Improved SG&A operational leverage
Q2 2026(1) Performance at a glance Improved SG&A operational leverage SG&A % of Revenue (2) Flight Hours per SG&A Headcount Revenue per SG&A Headcount Consolidated results of flyExclusive, Inc. for the three-month period ending June 30, 2026. Members contributing to revenue during the three-months e
Slide 20: Retail Customer and Sales Performance
Q2 2026(1) Performance at a glance Retail Customer and Sales Performance (in millions) Retail Members (2) Retail Sales – Jet Club Retail Sales - Fractional +5% +13% +34% Consolidated results of flyExclusive, Inc. for the three-month period ending June 30, 2026. Members contributing to revenue during
Slide 21: Executive Summary: 1H 2026 Performance
I. EXECUTIVE SUMMARY 1H 2026 PERFORMANCE
Slide 22: 1H 2026 Performance at a Glance
1H 2026(1) Performance at a glance Revenue Consolidated results of flyExclusive, Inc. for the three- and six-month periods ending June 30, 2026. Adjusted EBITDA, Adjusted EBITDA %, and Adjusted EBITDAR are non-GAAP financial measures as defined and reconciled in the appendix of this presentation +15
Slide 23: 1H 2026 Performance: Adjusted EBITDA and EBITDAR
1H 2026(1) Performance at a glance Consolidated results of flyExclusive, Inc. for the three- and six-month periods ending June 30, 2026. Adjusted EBITDA, Adjusted EBITDA %, and Adjusted EBITDAR are non-GAAP financial measures as defined and reconciled in the appendix of this presentation Adjusted EB
Slide 24: Operational Efficiency Gains
OPERATIONAL EFFICIENCY GAINS Fleet Refresh resulting in improved utilization and more efficient fleet Dispatch Availability +18% improvement in availability across the fleet 14 MSU truck deployed resulting in 50% costs savings compared to external MSU providers Each 1% improvement results in +$210K
Slide 25: Leads to Improved Utilization
…Leads to Improved utilization Fleet Refresh resulting in improved utilization and more efficient fleet Aircraft Generating Revenue Flight Hours 5% reduction in fleet size +7% increase in aircraft utilization on core fleet due to a more efficient fleet mix +2% vs 2025 contractually committed demand
Slide 26: YTD 2026 Improved SG&A operational leverage
YTD 2026(1) Performance at a glance Improved SG&A operational leverage SG&A % of Revenue (2) Flight Hours per SG&A Headcount Revenue per SG&A Headcount Consolidated results of flyExclusive, Inc. for the three- and six-month periods ending June 30, 2026. Members contributing to revenue during the six
Slide 27: YTD 2026 Retail Customer and Sales Performance
YTD 2026(1) Performance at a glance Retail Customer and Sales Performance (in millions) Retail Sales – Jet Club Retail Sales - Fractional +7% +1% +29% Retail Members (2) Consolidated results of flyExclusive, Inc. for the three- and six-month periods ending June 30, 2026. Members contributing to reve
Slide 28: Strengthened Balance Sheet
Strengthened Balance Sheet Consolidated results of flyExclusive, Inc. for the three- and six-month periods ending June 30, 2026. Represents current and non-current portion of both related party and third-party long-term notes payable as of June 30, 2026 and 2025. Long-Term Notes Payable (2) Cash $94
Slide 29: Appendix
I. EXECUTIVE SUMMARY APPENDIX
Slide 30: Non-GAAP Reconciliation
Non-Gaap Reconciliation EBITDA, Adjusted EBITDA, and Adjusted EBITDAR (1)(2) Consolidated results of flyExclusive, Inc. for the three- and six-month period ending June 30, 2026. EBITDA is a performance measure that is calculated by taking net income and excluding interest, income taxes, and deprecia
Slide 31: Don't just fly, flyexclusive
\S Don't just fly, flyexclusive UX flyexclusive